Overconfidence bias
often involves self-assessment of skills, knowledge, or moral character to reveal potential overestimations.
What is overconfidence bias?
What does In group bias means?
What is the tendency to favor one's own group, showing preferential treatment to its members over those in an "out-group"?
What does consistency bias means?
What is the tendency to believe that one's past attitudes and behaviors were the same as they are now, even when they were not?
What does negativity bias mean?
What is he human tendency to give more attention and weight to negative information and experiences than to positive ones
The tendency to believe that one's past attitudes and behaviors were the same as they are now, even when they were not is overconfidence bias?
What is true?
non finance example of in group bias
What is favoring favoring a job applicant because they are an alumnus of the same university as you
Why might these biases lead to irrational decisions or behavior
What is it makes people prioritize maintaining a sense of consistency with their past actions and beliefs over evaluating new information logically?
Negativity bias is the human tendency to give more weight to negative experiences, emotions, and information than to positive ones.
What is True?
How to overcome it
What is to overcome overconfidence bias is actively challenge your assumptions, seek diverse perspective, and use structured decision making processes?
Why might this bias lead to irrational decisions
What is creating an "us versus them" mentality that promotes blind loyalty and dismisses outside perspectives, fostering a lack of critical thinking and creativity?
Provide non-finance examples of the biases in teenage life
What is continuing with a bad habit
How can you overcome it?
What is practicing gratitude, reframing thoughts, and using mindfulness?
What is the irrational decisions on this bias
What is by causing individuals to overestimate their abilities and underestimate?
How to overcome it
What is cultivate self-awareness and challenge your own biases through perspective-taking and mindfulness
How to overcome this bias?
What is actively challenge your attachment to past decisions and beliefs by seeking outside perspectives?
Why might these biases lead to irrational decisions or behavior?
What is negativity bias leads to irrational decisions because it causes an exaggerated focus on potential negative outcomes, making people overly risk-averse and less likely to pursue opportunities for gain?
What is a finance example?
What is excessive trading- investors who believe in their ability to pick winning stocks?
Finance example of bias.
What is home bias?
Provide finance-related examples
What is the tendency to believe that one's past attitudes and behaviors were the same as they are now, even when they were not
Provide a finance related example
What is when investors sell their stocks during a market downturn, only to miss out on the subsequent rebound?