Which of the following strategies might be helpful in reducing the overconfidence bias?

• A. Ignoring evidence that contradicts your beliefs
• B. Seeking feedback from others to challenge your assumptions
• C. Making decisions quickly without reflection
• D. Relying solely on intuition when making decisions

Answer: (B)

Verified step by step guidance

1. Step 1: Understand what overconfidence bias is — it is a cognitive bias where a person overestimates their knowledge, abilities, or the accuracy of their predictions.
2. Step 2: Recognize that strategies reducing overconfidence bias involve increasing awareness of one’s own limitations and encouraging critical evaluation of one’s beliefs.
3. Step 3: Evaluate each option by considering whether it promotes reflection and challenges existing assumptions or reinforces unwarranted certainty.
4. Step 4: Identify that 'Seeking feedback from others to challenge your assumptions' introduces external perspectives, which helps reveal blind spots and reduces overconfidence.
5. Step 5: Conclude that strategies like ignoring contradictory evidence, making quick decisions without reflection, or relying solely on intuition tend to maintain or increase overconfidence bias rather than reduce it.