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How Cognitive Biases Cause us to Overspend with Amanda Montell

Frugal Friends Podcast

NOTE

The Overconfidence Bias

The speaker discusses the overconfidence bias as the tendency to overestimate one's abilities, knowledge, or judgment. This bias can lead to making poor financial decisions by being overly confident in one's understanding of the market or investment options. Awareness of the overconfidence bias can help individuals make more informed and rational financial choices.

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