as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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explain the terms 'biased' and 'unbiased'.
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biased is a term used to describe an individual or system which is influenced by personal judgement or prejudice. an unbiased individual or system does not show any personal preference or judgement and is even-handed in its decisions. biased systems can lead to unfair and unequal results, while unbiased systems strive to create results based on the data rather than personal opinion.
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