The Overconfidence Effect Exists When People Underestimate Their Chances of Being

question 145

True/False

The overconfidence effect exists when people underestimate their chances of being wrong.

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Definitions:

Resistance To Change

Resistance to change is the opposition or pushback from individuals or groups within an organization when they perceive that a change might threaten their status, job security, or work habits.

Negotiation

A dialogue between two or more parties aimed at reaching a mutually beneficial agreement or resolving a dispute.

Resistance To Change

The unwillingness to accept or adapt to changes within an organizational or personal setting.

External Environment

The conditions, entities, events, and factors outside an organization that influence its activities and choices.