Multiple Choice
Dan was certain that his upcoming economics test would be so easy that he could wait to study until the night before and still do well on the exam. When he cracked open his book and notes the night before the exam, he realized he should've started studying earlier. According to behavioral economics, Dan's error was caused primarily by
A) a planning fallacy.
B) an overconfidence effect.
C) framing effects.
D) hindsight bias.
Correct Answer:
Verified
Correct Answer:
Verified
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