Final answer:
Confirmation bias is the cognitive process where people favor information that confirms their existing beliefs, and it represents a form of motivated reasoning seen in daily activities like selective news reading.
Step-by-step explanation:
When people accept only information that agrees with their previously learned attitudes and beliefs, they are usually engaging in a cognitive process known as confirmation bias. This is a type of motivated reasoning where the individual embraces ideas that confirm what they already believe while rejecting information that challenges their established beliefs. An example of this can be seen in daily activities such as reading news; someone might only pay attention to news stories that align with their existing views, thereby reinforcing their pre-existing beliefs without considering alternative perspectives.