An example of the overconfidence bias is:

A) Bill's tendency to consider evidence that supports his position on illegal immigration,but disregards evidence that refutes his beliefs.
B) Carol and her team have been working on a new product for several years and one expensive prototype has become their main focus.When evaluating the choices for launch,the group judges the top prototype as the best one for launch over less expensive options.
C) Joe makes a stock price prediction and believes that there is only a 5% chance that his estimate is wrong; overlooking recent articles about the bad financial health of the business.
D) a judge in a criminal court hears over 80 cases a day.The defendants whose cases are heard late in the day were given harsher sentences.

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Trever Desiree · Accepted Answer

Final Answer : C, Explanation :  Joe's belief that there is only a 5% chance that his estimate is wrong shows overconfidence bias. Joe ignores relevant information about the bad financial health of the business and fails to consider alternative outcomes.

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