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How Cognitive Biases Cause us to Overspend with Amanda Montell
Frugal Friends Podcast
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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