You fall prey to the overconfidence bias when you ______ your knowledge or expertise in a decision situation.

1 answer
Question:

You fall prey to the overconfidence bias when you ______ your knowledge or expertise in a decision situation.

Answers

Answer:overestimateExplanation:The overconfidence effect occurs when our subjective confidence in our capability is beyond our objective performance. This means we overestimate our ability to do something in a way that we don't even consider other aspects that may bring setbacks in our performance. This can also be seen in planning fallacy , when a person overstimate the time it will take them to complete a particular task.Remember that time when you were told about the class test that would take place in 2 weeks but instead of studying early you decided to study two days before a class test because you believed you can do all the work in that short time.This is the Overconfidence in your own ability.

Similar Solved Questions

1 answer

A sporting goods store purchased a snowboard and marked it up 25% from the original cost of $120. Then, wanting to make room for summer inventory, the store placed the snowboard on sale for 70% off. What was the price after the discount? $

A sporting goods store purchased a snowboard and marked it up 25% from the original cost of $120. Then, wanting to make room for summer inventory, the store placed the snowboard on sale for 70% off. What was the price after the discount? $...
2 answers

What is x if 6x-7=13x+8

What is x if 6x-7=13x+8...
1 answer

A scientist conducts experiments to test what temperature causes the fastest growth rate in sunflower plantsafter multiple trials the results show that sunflower plants grow the fastest at 75 FIs this experement an example of replication or repetition?

A scientist conducts experiments to test what temperature causes the fastest growth rate in sunflower plantsafter multiple trials the results show that sunflower plants grow the fastest at 75 FIs this experement an example of replication or repetition?...
1 answer

Which graph shows the solution to the system of linear inequalities? y< 2x-5 y> -3x + 1

Which graph shows the solution to the system of linear inequalities? y< 2x-5 y> -3x + 1...
1 answer

Find the distance between the points in a coordinate plane. Write your answer as a decimal. (-4,7.8), (-4, -3.5)

Find the distance between the points in a coordinate plane. Write your answer as a decimal. (-4,7.8), (-4, -3.5)...
1 answer

Prove the identity cos(3x)=cos^3(x)-3sin^2(x)cos(x), step by step.

Prove the identity cos(3x)=cos^3(x)-3sin^2(x)cos(x), step by step....
1 answer

What is a cation and anion?

What is a cation and anion?...
2 answers

If the farm needs to pack 12,70,224 litchis in boxes that hold 144 litchis ,how many boxes would be required .​

if the farm needs to pack 12,70,224 litchis in boxes that hold 144 litchis ,how many boxes would be required .​...
2 answers

We can classify both the shovel and the garden trowel as compound machines. This is because each garden tool contains two simple machines, A) a lever and a wedge. B) a blade and a handle. C) a lever and a pulley. D) an inclined plane and a wedge.

We can classify both the shovel and the garden trowel as compound machines. This is because each garden tool contains two simple machines, A) a lever and a wedge. B) a blade and a handle. C) a lever and a pulley. D) an inclined plane and a wedge....
2 answers

Do you like panqueques?

Do you like panqueques?...
1 answer

What do you mean by shot term human resources​

what do you mean by shot term human resources​...
1 answer

Applying Ideas Yellowstone National Park in Wyoming is far from any plate boundary. How would you explain the volcanic activity in the park?

Applying Ideas Yellowstone National Park in Wyoming is far from any plate boundary. How would you explain the volcanic activity in the park?...
1 answer

Find the equation of the line with slope – 3 and that contains the point (-2,-6). Write the equation in the form y = mx +b and identify m and b.

Find the equation of the line with slope – 3 and that contains the point (-2,-6). Write the equation in the form y = mx +b and identify m and b....
2 answers

Cortisol helps you maintain energy and health during stressful times. But over a long period of time, cortisol can _____.

Cortisol helps you maintain energy and health during stressful times. But over a long period of time, cortisol can _____....
2 answers

A ray in glass arrives at the glass-water interface at an angle of 48° with the normal. The refracted ray, in water, makes a 72° angle with the normal. The index of refraction of water is 1.33. Then the ray in glass is redirected so its new angle of incidence is 37°. What is the new angle of refraction in the water? Show all work.

A ray in glass arrives at the glass-water interface at an angle of 48° with the normal. The refracted ray, in water, makes a 72° angle with the normal. The index of refraction of water is 1.33. Then the ray in glass is redirected so its new angle of incidence is 37°. What is the new angle of refr...
1 answer

At equilibrium, the concentrations are [H2] = 5.0 M, [N2] = 10 M, and [NH3] = 3.0 M. What were the concentrations of nitrogen gas and hydrogen gas that were reacted initially?

At equilibrium, the concentrations are [H2] = 5.0 M, [N2] = 10 M, and [NH3] = 3.0 M. What were the concentrations of nitrogen gas and hydrogen gas that were reacted initially?...
2 answers

SOMEONE PLZ HELP ME WHAT ARE EXPRESSIONS AND EQUATIONS

SOMEONE PLZ HELP ME WHAT ARE EXPRESSIONS AND EQUATIONS...
1 answer

In your own words describe the rotation of the earth and its revolution around the sun in terms of the Foucault Pendulum experiment and parallax and the aberration of starlight.

In your own words describe the rotation of the earth and its revolution around the sun in terms of the Foucault Pendulum experiment and parallax and the aberration of starlight....

-- 0.047370--