Steve is a software engineer. His manager has asked him to estimate how long it would take him to complete the programing of a cell phone APP. Steve's estimate proves to be overly optimistic. His estimate was likely influenced by
A) Anchoring
B) The availability heuristic
C) The confirmation bias
D) The over confidence bias

Question

Quizplus · Accepted Answer

Overconfidence bias refers to the tendency for individuals to have excessive confidence in their ability to estimate or predict outcomes. Steve's overly optimistic estimate indicates he may have been affected by this bias.

Steve Is a Software Engineer