Asked by Tiana Hailey on Jul 15, 2024

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Some people's tendency to believe that they are better than average at making judgments or opinions is called the

A) confirmation bias.
B) framing effect.
C) overconfidence effect.
D) self-serving bias.

Overconfidence Effect

A cognitive bias where an individual's subjective confidence in their judgements is reliably greater than their objective accuracy, especially when confidence is relatively high.

Judgments

Legal decisions made by a court regarding the rights and liabilities of parties in a legal action or proceeding.

Opinions

Opinions are personal beliefs or judgments that are not necessarily based on fact or knowledge.

  • Recognize the impact of hindsight bias and overconfidence in judging past and future events.
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Verified Answer

AS
Artorn SriruyaJul 19, 2024
Final Answer :
C
Explanation :
The overconfidence effect is a well-documented bias in which a person's subjective confidence in their judgments is reliably greater than their objective accuracy, leading them to believe they are better at making judgments or decisions than they actually are.