Asked by
Aysha Ghanawi
on Dec 19, 2024
Verified
The overconfidence effect exists when people underestimate their chances of being wrong.
Overconfidence Effect
A cognitive bias where an individual's subjective confidence in their judgments is greater than their objective accuracy.
- Discern diverse behavioral inclinations and their consequences on economic judgement.
Verified Answer
XC
Learning Objectives
- Discern diverse behavioral inclinations and their consequences on economic judgement.
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