Overconfidence bias
A)is the tendency of decision makers to be influenced by the way that problems are framed.
B)occurs when looking backward in time where mistakes seem obvious after they have already occurred.
C)refers to the tendency for individuals to rely too heavily on a single piece of information.
D)occurs when individuals overestimate their ability to predict future events.

Question

Quizplus · Accepted Answer

The overconfidence bias is the tendency for individuals to overestimate their ability to predict future events. It can lead to unfounded assumptions and poor decision-making.

Overconfidence Bias