Overestimate

Definition

Overestimate refers to the tendency to incorrectly judge or believe that something is greater, more important, or more likely than it actually is.

Related terms

Confirmation Bias:

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

Illusory Superiority: Illusory superiority refers to the cognitive bias where individuals overestimate their own qualities and abilities in relation to others.

Hindsight Bias:

Hindsight bias occurs when people perceive events as being more predictable than they actually were before they happened.