The Overconfidence Bias

question 14

Multiple Choice

The overconfidence bias:

• A) Leads people to have an exaggerated fear of loss
• B) Leads people to overestimate the risks inherent in generating a possible gain
• C) Leads people to unduly fear losses
• D) Leads people to unduly minimize the odds of loss

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Definitions:

Internet

A global network of interconnected computers and servers that facilitates data exchange and communication across the world.

Mass Media

encompasses various forms of communication, such as television, newspapers, and the internet, used to reach a large audience.

Television

A system for transmitting visual images and sound that are reproduced on screens, primarily used for broadcasting entertainment, news, and information.

Homogeneity

The quality or state of being all the same or all of the same kind, often used in social and biological contexts to describe uniformity within a group.