Overconfidence Bias

Definition

Overconfidence bias refers to the tendency for individuals to have excessive confidence in their own abilities, knowledge, or judgments. It often leads people to overestimate their performance or underestimate risks.

Related terms

Illusory Superiority: This term refers to the tendency for individuals to overestimate their own qualities and abilities compared to others.

Confirmation Bias:

Confirmation bias is the tendency to search for, interpret, or remember information in a way that confirms one's preexisting beliefs or hypotheses.

Dunning-Kruger Effect: The Dunning-Kruger effect is a cognitive bias where people with low ability at a task tend to overestimate their competence while those with high ability tend to underestimate it.