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 ________.
A)self-serving bias
B)the anchoring effect
C)immediate gratification bias
D)overconfidence bias
E)selective perception bias

Question

Quizplus · Accepted Answer

Overconfidence bias is the tendency to overestimate one's abilities, knowledge, or the accuracy of one's beliefs and predictions. This bias can lead decision makers to make riskier decisions or to ignore important information that challenges their beliefs.

When Decision Makers Tend to Think They Know More Than