Examlex
What does is mean if you scored in the 80th percentile on your psychology test?
Overconfidence
A cognitive bias where an individual's subjective confidence in their judgments is reliably greater than their objective accuracy.
Reasoning Errors
Mistakes or logical flaws in the process of drawing conclusions or making decisions.
Financial Decisions
Choices made by individuals or businesses regarding the management of money and assets.
Money Illusion
Money illusion occurs when people think of currency in nominal, rather than real, terms, failing to account for inflation's impact on purchasing power.
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