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.
As part of the Compromise of 1850, the Fugitive Slave Act was amended and the slave trade in Washington, D.C., was abolished. Furthermore, California entered the Union as a free state and a territorial government was created in Utah.
Explanation: Semantic Encoding is a form of storing details or information unlike the conventional way. It is processed on how the context is meaningfully related to another information or context or stimuli.
