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
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.
