Asked by Lucia Cantu on May 18, 2024
Verified
When a worker believes that she can get a promotion much faster than her peers, she suffers precisely from:
A) overconfidence.
B) over-optimism.
C) over-precision.
D) overcorrection.
Promotion
Marketing strategies and tactics used to increase awareness, interest, and sales of a product or service.
Over-optimism
The tendency to overestimate the likelihood of positive outcomes in situations or decisions.
Worker
An individual engaged in a specific activity or labor, especially for economic gain.
- Understand the role behavioral biases like overconfidence, over-optimism, and over-precision play in shaping investor decisions and contributing to market phenomena such as bubbles.
Verified Answer
JP
jeanette perezMay 20, 2024
Final Answer :
B
Explanation :
Over-optimism refers to the tendency of individuals to hold a rosier outlook on the prospects of their actions than is warranted, which includes believing in faster than average success rates, such as getting a promotion quicker than peers.
Learning Objectives
- Understand the role behavioral biases like overconfidence, over-optimism, and over-precision play in shaping investor decisions and contributing to market phenomena such as bubbles.