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 concept of expectation bias.
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expectation bias is the tendency to process or interpret incoming information in a way that confirms our pre-existing beliefs and expectations. this type of bias can lead to skewed perceptions that simply justify what we already believe. for example, if you hold a negative attitude towards a person, you may be more likely to notice and remember any negative behavior that person displays. similarly, if you have a positive attitude towards someone, you may be more likely to notice and remember their positive behaviors.  expectation bias can lead people to make a skewed interpretation of reality and therefore make inaccurate conclusions.
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