Question

Stockbrokers often believe that their own expertise will enable them to select stocks that will outperform the market average. This belief best illustrates:

a. The representativeness heuristicb. The framing effectc. Overconfidenced. Belief perseverance

Answer 1

C. Overconfidence

Step-by-step explanation:

Overconfidence is a phenomenon which refers to the tendency of individuals such as stockbrokers to underestimate the extent to which our beliefs and judgments are inaccurate.