Differentiate the following terms/concepts: a. Miscalibration and excessive optimism b. Better-than-average effect and illusion of control c.
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a. Miscalibration and excessive optimism
b. Better-than-average effect and illusion of control
c. Self-attribution bias and confirmation bias
d. Pros and cons of overconfidence
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a A person who suffers from miscalibration overestimates the precision of his knowledge whereas one ...View the full answer
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Related Book For 
Behavioral Finance Psychology Decision-Making and Markets
ISBN: 978-0324661170
1st edition
Authors: Lucy Ackert
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