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Need To Act Fast

To act, we must be confident we can make an impact and feel what we do is important

Overconfidence effect

Description

A well-established bias in which a person's subjective confidence in their judgments is reliably greater than the objective accuracy of those judgments.

Overconfidence effect in business decision

An entrepreneur is overly confident about their new business idea's success, leading them to underestimate risks and overinvest personal finances without adequate market validation.

Overconfidence effect in personal life decision

You believe you're a better-than-average driver, underestimating your chances of an accident.