The more optimistic the entrepreneurs, the less successful the performance of their new ventures. Which of the following systematic biases and errors creep into their judgments?
A) hindsight bias
B) anchoring bias
C) confirmation bias
D) availability bias
E) overconfidence bias

Question

Quizplus · Accepted Answer

Overconfidence bias can lead to entrepreneurs being too optimistic about their chances of success, even in the face of evidence suggesting otherwise. This can lead to poor decision-making and ultimately lower performance outcomes.

The More Optimistic the Entrepreneurs, the Less Successful the Performance