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marysya [2.9K]
3 years ago
8

You fall prey to the overconfidence bias when you ______ your knowledge or expertise in a decision situation.

Social Studies
1 answer:
Yuki888 [10]3 years ago
6 0

Answer:overestimate

Explanation:

The overconfidence effect occurs when our subjective confidence in our capability is beyond our objective performance. This means we overestimate our ability to do something in a way that we don't even consider other aspects that may bring setbacks in our performance.

This can also be seen in planning fallacy , when a person overstimate the time it will take them to complete a particular task.

Remember that time when you were told about the class test that would take place in 2 weeks but instead of studying early you decided to study two days before a class test because you believed you can do all the work in that short time.

This is the Overconfidence in your own ability.

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The average return earned by a bondholder, given the assumptions that the bond is called on its first call date and that the bon
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Yield to call

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2 years ago
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B) he has deeply processed this information

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An example of prospective memory is: Please choose the correct answer from the following choices, and then select the submit ans
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Answer:

d) remembering to buy bread at the store.

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