__________ occurs when decision makers think they know more than they do or hold unrealistically positive views of themselves and their performance.
A) hindsight bias
B) confirmation bias
C) overconfidence bias
D) sunk costs error
E) self-serving bias

Question

Quizplus · Accepted Answer

Overconfidence bias occurs when individuals think they know more than they actually do or hold unrealistically positive views of themselves and their performance. This can lead to overestimation of one's abilities and underestimation of risks and challenges, leading to poor decision-making.

__________ Occurs When Decision Makers Think They Know More Than