In an Experiment, Subjects Predicted They Scored 100% on a Spelling

question 106

Multiple Choice

In an experiment, subjects predicted they scored 100% on a spelling test. The actual average score was 80%. These findings reflect the behavioral bias of:

• A) impulsivity.
• B) ancillary bias.
• C) hyperbolic discounting.
• D) overconfidence.

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Definitions:

Cost

An amount that must be paid or spent to buy or obtain something, covering a wide range of economic activities from personal finance to business operations.

Risk

The potential for encountering harm or loss when pursuing a particular action.

Altruistic Punishment

The act of punishing wrongdoers at a cost to oneself, with the intention of promoting overall societal norms or benefiting the group.

Uncooperative Players

Individuals in a game or situation who choose not to follow the established rules or norms, often seeking personal gain over collective benefit.