Phrases with «overconfidence bias»

"Overconfidence bias" refers to a tendency that humans have to be more confident in their abilities and knowledge than they should be. It means we often believe we are better or more knowledgeable than we actually are, leading to potential mistakes or poor decision-making. Full definition

Sentences with «overconfidence bias»

  • Perhaps, the management's intention isn't evil but they are genuinely falling for overconfidence bias. (safalniveshak.com)
  • There are a number of behavioral biases that contribution to this problem including overconfidence bias, over optimism bias, hindsight bias and the illusion of control. (25iq.com)
  • This not only applies to confirmation bias, but also overconfidence bias (I know this because I study this... no way you could know more), gambler's fallacy (it happened before, so it has to happen again), and even anchoring (mind made up before getting enough information). (n4g.com)
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