Question

Several groups of American stockbrokers have been asked to predict the future of stock markets in Japan. Which statement is the MOST likely scenario in terms of their predictions?
They will be accurate in their predictions, which will equal their confidence in their predictions.
They will be more correct than confident in their predictions.
They will be more confident than correct in their predictions.
Because of hindsight bias, they will underestimate their confidence.
They will be more confident than correct in their predictions.

Answer 1

Several groups of American stockbrokers have been asked to predict the future of stock markets in Japan. They will be more confident than correct in their predictions.

Explanation:

A stockbroker is a sales agent who trade securities for their clients and earns commission on each trade. The brokers provide trading advice and tips on opening and closing prices of the stock market.

American stockbrokers will be confident in their prediction about the future stock market. A stock market or share market is a place where one can buy or sell the stocks.

If American stockbrokers are asked to predict the future of stock markets in Japan, they will be more confident than correct in their predictions.