Based on decades of research by Kahenman and Tversky, which of the following is true about the confidence managers (and all people) have regarding their intuition and reasoned judgments?
A)They think they make poor decisions.
B)They learn from their mistakes.
C)They tend to be overconfident about their intuition and judgments.
D)The majority think they are below average.
E)The majority think they are more prone to making bad decisions than others.

Question

Quizplus · Accepted Answer

Not only do managers, and all people, tend to be overconfident about their intuition and judgments, but they also tend not to learn from mistakes.Surveys have found that the majority of people think they are above average, make better decisions, and are less prone to making bad decisions than others.

Based on Decades of Research by Kahenman and Tversky, Which