Words / O / Business

overconfidence

noun/ˌəʊvəˈkɒnfɪdəns/

A2CEFR level
10/100Rarity: common
TechnicalRegister

An unwarranted belief in the accuracy of one's own judgment or forecasts.

Managerial overconfidence explained the wildly optimistic revenue projections that no outside analyst would endorse.

Similar: hubris, overoptimism

Topic: Economics in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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