When decision makers tend to think they know more than they do or hold unrealistically positive views of themselves and their performance, they are exhibiting the ________.
A) selective perception bias
B) the anchoring effect
C) self-serving bias
D) overconfidence bias

Question

Quizplus · Accepted Answer

The scenario described in the question is consistent with the overconfidence bias, which refers to the tendency for individuals to have more confidence in their abilities or knowledge than is justified by the evidence. This bias can lead to poor decision making and inaccurate judgments, as individuals may ignore relevant information or fail to consider alternative perspectives.

When Decision Makers Tend to Think They Know More Than