Overconfidence bias is the tendency for people to overestimate their abilities, knowledge, and the accuracy of their predictions, which can lead investors to take excessive risks, increase portfolio turnover, and achieve poor investment outcomes.

Authors

• Person: Not available Organization: Ava
  Behavioral Finance: The Psychology Behind Financial Decisions - Ava

Sources

• Behavioral Finance: The Psychology Behind Financial Decisions - Ava www.meetava.com Ava via serper

Referenced by nodes (1)

• overconfidence bias concept