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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Definitions:

Clamping

The process of holding or securing objects tightly together using a device to prevent movement or separation.

Grasping

The action of seizing or holding firmly, often used to describe the development of motor skills in infants or for understanding concepts.

Scissors

Tools consisting of two blades joined together, used for cutting paper, cloth, or other materials.

Cutting

A form of self-injury where individuals intentionally cut their skin as a way of coping with emotional pain, stress, or distress.