Unit 1 Question 4 Forms Of Overconfidence In Managerial Decision Making

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Question Description

  1. Describe the three forms of overconfidence, and give examples of how overconfidence has caused some bad historic decisions.

    Your answer must be a minimum of 300 words in length.
  2. Please ensure that the APA format is used, with the in-text citation not included in the 300-word essay. Ensure that following text book is included in the answer: Bazerman, M. H., & Moore, D. A. (2013). Judgment in managerial decision making (8th ed.). Hoboken, NJ: Wiley. Check all work before submitting the final answer for plagiarism.

Tutor Answer

bilhamay
School: UIUC

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Running Head: FORMS OF OVERCONFIDENCE

Forms of Overconfidence
Name
Institutional Affiliation

1

FORMS OF OVERCONFIDENCE

2

Overconfidence refers to a situation in which a person has more confidence than what
they should have about a situation and as a result, they fail to make a correct judgment about that
situation. There are three different types of overconfidence according to (Bazerman & Moore,
2013) which are:
Overplacement
Overplacement refers to a situati...

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