The Belief That Information You Hold Is Superior to Information

question 39

Multiple Choice

The belief that information you hold is superior to information held by other investors best describes:

• A)over-confidence.
• B)the snakebite effect.
• C)the illusion of knowledge.
• D)the clustering illusion.
• E)loss aversion.

---

Definitions:

Title

A formal document or legal right indicating ownership of property or assets.

Possession

In law, it refers to the actual holding or control of property, whether owned or not.

Perfect

To complete or make flawless, often used in legal terms to describe the act of finalizing a security interest in accordance with the law.

Security Interest

A legal claim or lien on collateral that gives a lender the right to repossession if the borrower defaults on obligations.