Asked by Kylie Jessee on Jul 29, 2024
Verified
Based on principles of overconfidence,you'd expect that a participant with ______ confidence to have ______ accuracy.
A) 50%;50%
B) 80%;60%
C) 10%;90%
D) 30%;45%
Overconfidence
An overly positive judgment of one’s own decision-making abilities and performance.
Participant Confidence
The level of belief individuals have in their own abilities and judgments during participation in an activity or research.
- Comprehend the idea of calibration curve and its importance in determining decision accuracy.
- Identify the impact of cognitive biases and illusions on the process of making decisions.
Verified Answer
JD
Jeremy DuongJul 30, 2024
Final Answer :
B
Explanation :
Overconfidence is a cognitive bias where an individual's subjective confidence in their judgments is reliably greater than their objective accuracy, especially when confidence is relatively high. Thus, a participant with 80% confidence might only have 60% accuracy, illustrating overconfidence.
Learning Objectives
- Comprehend the idea of calibration curve and its importance in determining decision accuracy.
- Identify the impact of cognitive biases and illusions on the process of making decisions.
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