A cognitive bias that involves overestimating one's strengths and underestimating one's weaknesses is:
A) Gambler's fallacy
B) Prospect theory
C) Optimism bias
D) Confirmation bias
E) Illusory superiority

Question

Quizplus · Accepted Answer

The described bias is known as the Illusory Superiority bias or the Dunning-Kruger effect. It is characterized by individuals perceiving themselves as being more competent or capable than they actually are, while simultaneously underestimating their weaknesses or limitations. This bias is often seen in situations where individuals lack the necessary skills or knowledge to accurately evaluate their own performance.

A Cognitive Bias That Involves Overestimating One's Strengths and Underestimating