Biases are preconceptions people already have about how certain aspects will turn out without any proof of it happening. Personal biases can lead to irrational decision making because their views are skewed a certain way. In economics, it is extremely important to shed all biases and
be able to look at a problem and solve it with thinking that isn't clouded over by personal judgement. An example of bias is someone off the street saying that a command system is better than a market economy just because the person grew up there. Facts are needed to support a belief.

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This cartoon demonstates the illustrator's bias towards sucessful business men, saying the only way to be the best is to commit fraud.

Loaded Terminology

Many times used in magazines, newspapers and over the news, people interject emotionally based words and biases into whatever they are contesting or supporting. Different parties and viewpoints can add words to slant an idea a certain way. You have to be on the lookout for anything that an interest group would want to make something look worse or better depending on their viewpoints. For example, calling businesses "exploitive" if they have low wages or "greedy" if they do things in self interest.


Sample Question:
In the sentence below, identify three (3) things that makes the sentence uncredible:

AP classes are always hard, there is always more homework, and you will be stuck with the same people throughout highschool.

(see below for answer)

This video is a great example of how bad biased views can look when facts are trying to be reported. A person out in youtube land caught Fox News, a station which has already received a lot of critisim for being biased, and shows how badly they make a democrat look by showing clips of "The Colbert Report" out of context. The man who put this video together calls them out on that and shows the original clip. Fox News was trying to make a Democratic Senator look bad to make the Republican Party look better.

National Bureau of Economic Research: Cultural Biases in Economic
Wikipedia's definition of Loaded Terminology
The "Skeptic's Dictionary" definition of bias

Answer to sample question
1)There is no facts to support answer
2) Using the word "always"
3) This may be so for one person, but not true for everyone