Question: Differentiate the following terms/concepts: a. Miscalibration and excessive optimism b. Better-than-average effect and illusion of control c. Self-attribution bias and confirmation bias d. Pros and

Differentiate the following terms/concepts:
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 full answer

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