When people justify their decisions by overestimating the likelihood that they will lead to a successful outcome, this is known as ___________________.

Question

Quizplus · Accepted Answer

This phenomenon is known as optimistic bias, where individuals tend to overestimate the probability of positive outcomes and underestimate the probability of negative outcomes. It is a cognitive bias that influences decision-making and can lead to unrealistic expectations and disappointment.

When People Justify Their Decisions by Overestimating the Likelihood That