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.

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A good or service offered by a business or seller to meet consumer needs or demands.

Patronage Model

A funding approach where supporters or patrons financially back an individual, organization, or project, often in the arts or creative fields, without expecting a financial return.

Crowdfunding

A fundraising strategy where a project or business is supported by collecting small contributions from many individuals, often through an online platform.

Crowdfunding Campaign

A fundraising initiative where individuals or organizations raise money for projects, causes, or businesses from a large number of people, typically via the internet.