1. Discuss your reaction for the following overconfidence bias scenarios Question 1: How easy do you think it was to predict the collapse of the housing and credit bubbles of 2008-2009? a. Easy b. Somewhat easy c. Somewhat difficult d. Difficult Question 2: From 1926 through 2010, the compound annual return for equities was approximately 9 percent. In any given year, what returns do you expect on your equity investments to produce? a. Below 9 percent b. About 9 percent c. Above 9 percent d. Well above 9 percent Question 3: How much control do you believe you have in picking investments that will outperform the nark a. Absolutely no control b. Little if any control c. Some control d. A fair amount of control