Asked by Tiana Hailey on Jul 15, 2024
Verified
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.
Verified Answer
Learning Objectives
- Recognize the impact of hindsight bias and overconfidence in judging past and future events.
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