A(n)________ occurs when decision makers think they know more than they do or hold unrealistically positive views of themselves and their performance.
A)hindsight bias
B)confirmation bias
C)overconfidence bias
D)self-serving bias

Question

Quizplus · Accepted Answer

The described phenomenon is known as the overconfidence bias, as it involves individuals having excessive trust in their own abilities or judgments. Hindsight bias refers to the tendency to believe, after an event has occurred, that one would have predicted or expected the outcome. Confirmation bias is the tendency to seek out information that confirms one's existing beliefs or hypotheses. Self-serving bias involves attributing one's successes to internal factors and one's failures to external factors.

A(n)________ Occurs When Decision Makers Think They Know More Than