CHILD DEVELOPMENT PEDAGOGY

GROWTH DEVELOPMENT CHILD

MEASUREMENT OF INTELLIGENCE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Overconfidence refers to the tendency to
A
cling to our initial beliefs, even though they have been proven wrong.
B
search for information that supports our preconceptions.
C
underestimate the extent to which our beliefs and judgments are wrong.
D
judge the likelihood of an event based on its availability in memory.
Explanation: 

Detailed explanation-1: -Overconfidence bias is the tendency for a person to overestimate their abilities. It may lead a person to think they’re a better-than-average driver or an expert investor. Overconfidence bias may lead clients to make risky investments.

Detailed explanation-2: -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-3: -n. a cognitive bias characterized by an overestimation of one’s actual ability to perform a task successfully, by a belief that one’s performance is better than that of others, or by excessive certainty in the accuracy of one’s beliefs. Compare underconfidence.

Detailed explanation-4: -As individuals, we overestimate our own skills and chances of success. This leads to overly positive self-evaluations of our intellect or talent (particularly with difficult tasks). As these self-evaluations are often unrealistic, this results in the overconfidence effect.

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