Which of the Following Best Describes Overconfidence Bias

question 28

Multiple Choice

Which of the following best describes overconfidence bias?

• A)the tendency to judge the probability of an event based on how easily examples come to mind
• B)the tendency to choose information that supports our existing position and ignore conflicting evidence
• C)a tendency to overestimate the time it will take to complete a task
• D)the act of having more faith in our own estimates than is realistically justified

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Definitions:

Deposit

A sum of money placed into an account or given to another party as a part of a financial transaction.

Check Register

A check register, also known as a cash disbursements journal, is used to keep track of financial transactions, specifically outflows, associated with a bank account.

Cash Balance

The amount of cash a company or individual has available after all transactions have been accounted for.

Checks

Written, dated, and signed instruments that direct a bank to pay a specific sum of money to the bearer.