Business managers are often overly confident of their own hiring ability because they are more likely to monitor the successes of people they hired than the achievements of those they rejected.This illustrates that overconfidence may be encouraged by

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This scenario is an example of confirmation bias, where individuals seek out information that confirms their beliefs or decisions, while overlooking information that contradicts them. Here, business managers are focusing on the successes of the people they hired, ignoring the achievements of the rejected candidates. This creates a false sense of confidence in their hiring ability, leading to overconfidence.

Business Managers Are Often Overly Confident of Their Own Hiring