CDOR and Confirmation bias: Difference between pages

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imported>Doug Williamson
(Create page. Source: The Treasurer, December 2018 / January 2019, p41.)
 
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Canadian Dollar Interbank Offered Rate.
''Cognitive bias''.


Confirmation bias is an unconscious cognitive bias.


CARR welcomes RBSL’s decision to cease the publication of CDOR after June 28, 2024
It leads to filtering new information and evidence in such a way as to confirm a pre-existing opinion.


:“Today’s announcement from RBSL provides a clear direction for market participants to transition their activities away from CDOR.


:It sets in motion the two-staged transition timeline that CARR had outlined in its December White Paper with derivatives and securities transitioning to CORRA by the end of June 2023, with an extra year for loan products to transition before CDOR ceases to be published,” said Karl Wildi and Harri Vikstedt, CARR co-chairs.
<span style="color:#4B0082">'''''Seeing what we expect'''''</span>


:“The Canadian transition will be designed specifically for the needs of the Canadian market, and it will leverage the best practices established through the LIBOR transition.  
:"We see what we expect to see.


:CARR will work closely with all stakeholders to achieve a transparent and effective transition through to the end of CDOR in June 2024.”
:We begin with a notion of how a person is, and seek out information to confirm that view, ignoring information which contradicts that view."


:''Bank of Canada - market notice - May 2022.''
:''The Treasurer magazine, December 2018 / January 2019, p41 - Dr Pete Jones, Chartered Psychologist.''




==See also==
* [[Bank of Canada]]
* [[BBSW]]
* [[Canada]]
* [[Canadian Alternative Reference Rate Working Group]]  (CARR)
* [[Canadian Overnight Repo Rate Average]]  (CORRA)
* [[Derivative]]
* [[IBOR]]
* [[InterBank Offered Rate]]
* [[MIBOR]]
* [[Refinitiv Benchmark Services (UK) Limited]]  (RBSL)
* [[Security]]
* [[SIBOR]]
* [[SONIA]]


== See also ==
* [[Affinity bias]]
* [[Bandwagon bias]]
* [[Behavioural economics]]
* [[Choice supporting bias]]
* [[Cognitive bias]]
* [[Diversity]]
* [[Dunning-Kruger effect]]
* [[Emotional intelligence]]
* [[Impostor syndrome]]
* [[Objectivity]]
* [[Optimism bias]]
* [[Reactance bias]]
* [[Self-investment bias]]
* [[Social bias]]
* [[Source bias]]


==External link==
[[Category:Working_effectively_with_others]]
*[https://www.bankofcanada.ca/2022/05/carr-welcomes-rbsls-decision-to-cease-the-publication-of-cdor-after-june-28-2024/ Bank of Canada - market notice - 16 May 2022]
[[Category:Compliance_and_audit]]
 
[[Category:Ethics]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Financial_products_and_markets]]

Revision as of 11:00, 1 January 2019

Cognitive bias.

Confirmation bias is an unconscious cognitive bias.

It leads to filtering new information and evidence in such a way as to confirm a pre-existing opinion.


Seeing what we expect

"We see what we expect to see.
We begin with a notion of how a person is, and seek out information to confirm that view, ignoring information which contradicts that view."
The Treasurer magazine, December 2018 / January 2019, p41 - Dr Pete Jones, Chartered Psychologist.


See also

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