The tendency to exaggerate the correctness or accuracy of our beliefs and predictions is called.

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23-08-2022
Social Studies

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The tendency to exaggerate the correctness or accuracy of our beliefs and predictions is called.

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ArpitaK ArpitaK · Answer 1 · 2022-08-30T09:03:14+02:00

The tendency to exaggerate the correctness or accuracy of our beliefs and predictions is called.

Knowing the past tendency is a mental quirk that enables people to convince themselves after an event that they accurately predicted it before it worked out. People may assume that they can accurately predict many events as a result of this.

Since it is a typical failing flat of private financial backers, knowing the historical inclination is focussed on social financial concerns.It can lead to overconfidence in one's ability to predict other upcoming events and may bring about unnecessary risks.

"Man has lost the ability to anticipate and prevent, and he will ultimately ruin the world." Richard Schweitzer

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