Stockbrokers often believe that their own expertise will enable them to select stocks that will outperform the market average. This belief best illustrates

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This belief demonstrates overconfidence, which is the tendency to overestimate one's own abilities and the accuracy of one's beliefs and predictions. Stockbrokers may believe that they have special knowledge or skills that enable them to make better investment decisions than the average person, leading to overconfidence in their abilities.

Stockbrokers Often Believe That Their Own Expertise Will Enable Them