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An expansionist capacity strategy minimizes the risks of overexpansion due to overly optimistic demand forecasts.
Overconfidence
The condition of having excessive confidence or belief in one's own abilities, often more than is objectively warranted.
Test Preparation
The process or activities undertaken to ready oneself for a standardized test, often involving reviewing content, learning strategies, and practicing test questions.
Placebo Effect
A phenomenon where a person experiences a perceived improvement in condition due to the belief in the efficacy of a treatment, despite it having no therapeutic effect.
Overconfidence
A cognitive bias characterized by an individual's belief that they are more capable or knowledgeable than they actually are.
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