Most people tend to overestimate their skills, whether it's changing an electrical outlet or managing their own finances.
73% of Americans consider themselves to be better-than average drivers
65% of Americans think they have above-average intelligence
Behavioral finance has a name for this ego-driven tendency: overconfidence bias.
Let's find out whether the theory is true or not together
Source:
Fundamentals of behavioral finance: Overconfidence bias

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