GROWTH DEVELOPMENT CHILD
COGNITION AND EMOTIONS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Accurately estimate the accuracy of their knowledge and judgments
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Underestimate the accuracy of their knowledge and judgments
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Overestimate the accuracy of their knowledge and judgments
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Lack confidence in their decision-making strategies
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Detailed explanation-1: -The overconfidence effect is a well-established bias in which a person’s subjective confidence in his or her judgments is reliably greater than the objective accuracy of those judgments, especially when confidence is relatively high. Overconfidence is one example of a miscalibration of subjective probabilities.
Detailed explanation-2: -Overconfidence Phenomenon-The tendency to be more confident than correct-to overestimate the accuracy of one’s beliefs.
Detailed explanation-3: -Overconfidence bias is a common inclination of people to overestimate their own abilities to successfully perform a particular task (Brenner, Koehler, Liberman, & Tversky, 1996). Hindsight bias is a propensity to perceive events as having been more predictable, once they have occurred (Fischhoff, 1975).
Detailed explanation-4: -Earlier studies have revealed a variety of factors that affect false remembering. For example, extremely emotionally arousing events can produce memories that are erroneous even when vivid. Additional factors also increase memory distortions: for example, misleading information, interference, and leading questions.