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The Psychology of Overconfidence

Format: On-Demand Recording
Track: Behavioral Finance
Premier CE: 1 credit for CIMA®, CPWA®, and RMA® certifications
CFP CE: No
Cost: $60, or complimentary with Signature or Elite benefits

Overconfidence is the mother of all psychological biases. Besides being one of the largest and most ubiquitous of the many biases to which human judgment is vulnerable, it gives other decision-making biases more teeth.

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This product is eligible to be claimed with a Signature benefits package

This product is eligible to be claimed with an Elite benefits package

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Investments & Wealth Institute® 

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EXPIRATION

One year from the date purchased

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The Psychology of Overconfidence


Overconfidence is the mother of all psychological biases. Besides being one of the largest and most ubiquitous of the many biases to which human judgment is vulnerable, it gives other decision-making biases more teeth. Professionals who can balance the “right” amount of confidence between too much and not enough are able to unlock better outcomes where rational beliefs meet reality.

Note: This recording is alternatively available as part of a bundled package Behavioral Advisor Forum On-Demand.


Featured Speaker


Marc Milstein

Marc Milstein, Ph.D.
Professor, Management of Organizations, UC Berkeley, Haas School of Business


Don Moore is the Lorraine Tyson Mitchell Chair in Leadership and Communication at Berkeley Haas. He received his PhD in Organization Behavior from Northwestern University. His research interests include overconfidence—including when people think they are better than they actually are, when people think they are better than others, and when they are too sure they know the truth. He is only occasionally overconfident.