_____ Is the Tendency to Be Exceedingly Assured of the Correctness

question 75

Multiple Choice

_____ is the tendency to be exceedingly assured of the correctness of one's own judgments.

• A) Hindsight bias
• B) Confirmation bias
• C) The outlier effect
• D) The overconfidence phenomenon

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Definitions:

Contract Price

The total financial compensation agreed upon by all parties involved in a contract for the sale, purchase, or delivery of goods or services.

Market Price

The present cost for purchasing or selling an asset or service in a specific market.

Consequential Damages

Special damages that compensate for a loss that is not direct or immediate (for example, lost profits). The special damages must have been reasonably foreseeable at the time the breach or injury occurred in order for the plaintiff to collect them.

Liability

A legal responsibility or obligation, particularly in the context of debts or torts.