One Major Consequence of the Overconfidence Effect Is That

question 35

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 based on irrelevant information.
• D)some people may wrongly believe in their forecasting ability to predict future outcomes of risky investments.

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