Overconfidence is a common bias in trading and money management where individuals rate their abilities higher than average, leading to frequent trading, excessive risk-taking, or the dismissal of good advice.

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 (1)

• overconfidence bias concept