Two of the causes for bad things are (1) Overconfidence and (2) Unanticipated events.
Overconfidence in this study was measured in a two-barreled financial literacy survey of 664 seniors.
While there was some modesty in the report, there was also a slight tone of overconfidence.
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Fraud victims scored, on average, 5.39 on the overconfidence scale, compared with 4.21 for non-fraud victims.
It merely increases confidence and induces the more grandiose errors that overconfidence can feed.
That is, they found that power dependably breeds overconfidence, and overconfidence dependably leads to bad decisions.
When over-indebtedness accelerates it becomes a sign of overconfidence, and, in the latter stages, euphoria.
However, out of either conviction or overconfidence the Saakashvili government held a free vote.
But worries will mount about overconfidence if the rest of the team has the same look.
Overconfidence is a dangerous thing, causing men to lose their edge and not realistically assess their situation.
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But he might have stayed longer were it not for a mix of bad luck and overconfidence.
But I know that most of my investment successes have been at least 75% luck and 25% overconfidence.
"It's a symptom of an aging leader, this overconfidence in his own policies, " says a prominent retired general.
Needless to say, we have not hit levels of overconfidence that are typically inherent near a stock market peak.
But are investors being lulled into a sense of overconfidence in the South San Francisco biotech's ability to deliver?
The four wanted to know, are such overconfident people drawn to power, or does power itself create their overconfidence?
More than 78, 000 household investment accounts from one discount broker were surveyed, exploring overconfidence and its effects on the sexes.
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One wonders if, should Gillette's fortunes sour, she will update the book to describe the scene as one of classic overconfidence.
With the economy faltering and the president's poll numbers falling, there is a sense of overconfidence creeping into some conservative circles.
Although it may help undermine our self-improvement plans, overconfidence might give people a leg up as we compete, some experts say.
Although Apple brags about its leading status for public consumption (which is good for the brand), it remains wary of overconfidence internally.
Overconfidence in the past has been associated with making poor financial decisions.
But overconfidence is what got Ford into big problems last time around.
In this devil of a job market, many young adults now exist in a cloud of overconfidence with an illusion of endless time.
He told his wife about the behaviors that lead to poor performance: namely, overconfidence about their skills, their knowledge and their future prospects.
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The even more common reason for failing under pressure is overconfidence.
The cause can be overconfidence as well as nervousness, Haefner says.
The study cited overconfidence as the root cause of the problem.
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Trouble with the Curve highlights the problem of overconfidence in decision making, which comes from believing you have more accurate and complete information than you actually do.
Key traits to look for include the following: overwhelm, distraction, risk-taking, optimism and overconfidence can all provide their own unique problems when it comes to making financial decisions.
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