Newsweek

Money Worsens Our Judgment and Leads to Overconfidence

A sheet of freshly printed one-dollar bills ready for inspection at the Bureau of Engraving and Printing in Washington, DC. The possibility of winning or losing money from a decision exacerbates our biases, says a new study.
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Confidence is an asset—until it isn’t. It’s also a balancing act: Certainty is essential to moving forward, but too much of it can make it hard to see when we’re wrong. Add money to the mix, says a new study, and we run into

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