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1. Why does the book state that overconfidence may be the mother of all biases? According to the text, what are some of the

1. Why does the book state that overconfidence may be the mother of all biases? According to the text, what are some of the consequences of overconfidence? 2. The text discusses several factors that enhance the likelihood of overprecision. Explain these factors 3. What is overestimation? Explain in details the consequences of overestimation. 4. What is overplacement and how does it manifest itself? 5. Clearly explain the adverse effects of positive illusions.

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