From InfoGalactic:
Confirmation bias: also called confirmatory bias or myside bias, is the tendency to search for, interpret, favor, and recall information in a way that confirms one's beliefs or hypotheses, while giving disproportionately less consideration to alternative possibilities. It is a type of cognitive bias and a systematic error of inductive reasoning. People display this bias when they gather or remember information selectively, or when they interpret it in a biased way. The effect is stronger for emotionally charged issues and for deeply entrenched beliefs.
From Coindesk:
Meta CEO Mark Zuckerberg Still 'Long-Term Optimistic' on Metaverse
Meta Platforms (META) CEO Mark Zuckerberg said he was still optimistic about the metaverse on a longer, “five-to-ten-year horizon” during the New York Times DealBook Summit in New York City on Wednesday.
"The way we communicate gets richer and more immersive,” Zuckerberg said via a virtual interview, doubling down on his company’s bet on a virtual and augmented reality-dominated future. The company has come under criticism for generating billions of dollars of losses as it builds out its version of the metaverse.
He is optimistic. I wonder how his shareholders are feeling now... Yeah - they are probably sitting on a very nice portfolio of patents which they will license out when the technology becomes widespread but this is a long-shot.
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