The tendency to overestimate the accuracy of our knowledge and judgments is called <u>Overconfidence</u>.
The overconfidence effect is a well-established bias in which subjective confidence in one's judgment is consistently greater than objective accuracy, especially when confidence is relatively high. Overconfidence is an example of subjective probability misadjustment.
Throughout the research literature, overconfidence is defined in three different ways by him. About the placement of one's performance in relation to others. Excessive accuracy in expressing undue confidence in the accuracy of one's beliefs.
The most common way to study overconfidence is to ask how confident you are about a particular belief or answer you hold. The data show that confidence systematically outweighs accuracy.
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Answer: In countries with low power distance, such as Israel, Denmark, Ireland and Austria, members of the society value equality and democracy, and it is more acceptable for those who are junior in age or rank to question authority. For instance, students in schools and universities are encouraged to express opinions freely and disagree with their professors, while decisions in organizations are often reached at by taking into account opinions of all employers.
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True, that language,trade and etc
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