A source of cognitive bias resulting from the tendency to overestimate one's own ability to control activities and events is known as:
A)systematic errors
B)representative bias
C)escalating commitment
D)illusion of control and overconfidence bias
E)fundamental attribution error

Question

Quizplus · Accepted Answer

The illusion of control and overconfidence bias refers to the tendency of individuals to overestimate their ability to control events, leading to cognitive bias.

A Source of Cognitive Bias Resulting from the Tendency to Overestimate