One Major Consequence of the Overconfidence Effect Is That

question 289

Multiple Choice

One major consequence of the overconfidence effect is that

• A)some people cannot correct a personal trait that might be causing them to fail in many ventures.
• B)someone could persist in pursuing a failed policy despite overwhelming evidence of the failure.
• C)bad decisions can be made because people will act without pausing to see whether their intuition is correct or not.
• D)some people may wrongly believe in their forecasting ability to predict future outcomes of risky investments.

---

Definitions:

Monitors

Devices used to display visual information from computers, though in a general context, it also refers to individuals or mechanisms that oversee or check for compliance.

E-leadership

Leadership exercised in digital contexts, utilizing information and communication technologies to influence individuals and groups.

Remote Locations

Remote Locations refer to places that are situated far from populated areas or central points of activity, often characterized by limited access and communication.

Group Efficacy

The collective belief of a group in its ability to achieve objectives and successfully accomplish tasks.