The Overconfidence Trap in Making Forecasts Leads a Person to Overestimate

question 23

True/False

The overconfidence trap in making forecasts leads a person to overestimate the accuracy of his or her forecasts.

---

Definitions:

Work

The exertion of effort towards achieving a result, whether through employment, tasks, or engaging in a particular activity.

Counterproductive Strategies

Behaviors or methods that hinder rather than help achieve a desired outcome or goal.

Self-defeat

Engaging in behaviors or thoughts that inhibit one's own success or well-being.

Emotional Arousal

The condition of experiencing heightened feelings, which can significantly impact mood and behavior.