The tendency to exaggerate the correctness or accuracy of our beliefs and predictions is called.
Knowing the past inclination is a mental peculiarity that permits individuals to persuade themselves after an occasion that they precisely anticipated it before it worked out. This can lead individuals to presume that they can precisely foresee different occasions.
Knowing the past predisposition is concentrated on social financial matters since it is a typical falling flat of individual financial backers.
It makes overconfident in one's capacity to foresee other future occasions and may prompt pointless dangers.
"Man has lost the capacity to foresee and to forestall, he will end by destroying the world." (Albert Schweitzer)
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