Overconfidence can amplify the negative impact of unexpected market downturns by causing individuals to fail to distinguish personal skill from broader market forces.

Authors

• Person: Not available Organization: Verified Investing
  Behavioral Economics: Everyday Biases That Shape Money Choices

Sources

• Behavioral Economics: Everyday Biases That Shape Money Choices verifiedinvesting.com Verified Investing via serper

Referenced by nodes (2)

• overconfidence bias concept
• market downturns concept