Examlex
That U.S.charities donate funds to combat starvation in Africa constitutes a debit transaction on the U.S.balance-of-payments.
Overconfidence
The phenomenon where an individual's subjective confidence in their judgments is reliably greater than their objective accuracy.
Initial Beliefs
The preexisting perceptions or assumptions held by an individual before being exposed to new information or experiences.
Judgments
Judgments are cognitive processes involving evaluation or estimation of something or someone, often influenced by personal experience, knowledge, and values.
Overconfidence
A cognitive bias characterized by an individual's belief that they are more accurate or capable than reality supports.
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