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The Overconfidence Effect Exists When People Underestimate Their Chances of Being

question 145

True/False

The overconfidence effect exists when people underestimate their chances of being wrong.


Definitions:

Social Class

The arrangement of society into tiers reflecting economic and social statuses.

Family Income

The total amount of money earned or received by all members of a household or family unit, serving as an indicator of economic status.

Self-fulfilling Prophecy

A belief or expectation that influences individuals to act in ways that make the belief come true.

Grades

Grades are a system of evaluation used to measure students' academic performance, typically represented by letters or numbers.

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