- CFA Exams
- CFA Level I Exam
- Topic 9. Portfolio Management
- Learning Module 5. The Behavioral Biases of Individuals
- Subject 3. Emotional Biases
CFA Practice Question
Overconfidence bias is also known as: A. the illusion of control
B. the illusion of knowledge
C. the illusion of choice
Correct Answer: B
An overconfidence bias occurs when people place unjustified trust in their abilities.
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