In the fast-paced and ever-evolving world of finance, the human mind often serves as both the architect and the stumbling block of investment decisions. One psychological phenomenon that frequently influences investors is overconfidence bias. This cognitive bias can lead individuals to overestimate their abilities, make irrational decisions, and ultimately impact the success of their investment strategies. In this blog, we will explore the intricacies of overconfidence bias, its impact on investment behavior, and strategies to mitigate its effects.
