Uninformed Individuals Tend to ________ the Precision of Their Knowledge

question 18

Multiple Choice

Uninformed individuals tend to ________ the precision of their knowledge.In finance,we call this presumptuousness the ________ hypothesis.

• A) underestimate; underconfidence
• B) overestimate; overconfidence
• C) underestimate; overconfidence
• D) overestimate; underconfidence

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Definitions:

South Asian

Refers to people, cultures, languages, and other phenomena originating from the southern region of Asia, typically including countries like India, Pakistan, Bangladesh, Sri Lanka, Nepal, Bhutan, and the Maldives.

Middle Eastern

Pertaining to the geographical region that encompasses Western Asia and Egypt, characterized by its distinct cultural, linguistic, and religious identities.

Western European

Pertains to the countries located in the western part of Europe, often associated with democratic governance, advanced economies, and a rich cultural heritage.

Eastern European

Referring to the geographical region of Europe that encompasses countries to the east of Germany and Austria, characterized by distinct cultural and historical identities.