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Philosophy (Explain Karl Popper's demarcation criterion and explain…

- - - - why is it important to distinguish the 2
  - - - basic statements
        
        have a form of a singular existential statement
        
        There is white swan
      - Theories are composed by strict universal statements
        
        All swans are black
      - As a bascic statement has its origin in something observably existential it is able to contradict the universal statement
- - - - Confirmation bias can lead investors to be overconfident, ignoring evidence that their strategies will lose money.[7][103] In studies of political stock markets, investors made more profit when they resisted bias. For example, participants who interpreted a candidate's debate performance in a neutral rather than partisan way were more likely to profit.[104] To combat the effect of confirmation bias, investors can try to adopt a contrary viewpoint "for the sake of argument".[105] In one technique, they imagine that their investments have collapsed and ask themselves why this might happen
    - - Social psychologists have identified two tendencies in the way people seek or interpret information about themselves. Self-verification is the drive to reinforce the existing self-image and self-enhancement is the drive to seek positive feedback. Both are served by confirmation biases.[135] In experiments where people are given feedback that conflicts with their self-image, they are less likely to attend to it or remember it than when given self-verifying feedback.