Which behavior is commonly associated with investors exhibiting overconfidence bias?

Investors exhibiting overconfidence bias tend to place excessive faith in their own abilities, knowledge, or forecasts, often believing that their insights will lead to better investment outcomes. This inflated self-assessment can result in taking excessive risks, as these investors might disregard potential downsides and underestimate the complexity of the markets. Consequently, they may make aggressive investment decisions based on personal beliefs instead of conducting thorough analyses or considering a broader range of opinions.

The other behaviors listed do not align with overconfidence. Being overly cautious in investment strategies reflects a lack of confidence, while sticking rigidly to previous investment choices indicates inflexibility rather than a belief in one's own superior judgment. Regularly consulting diverse experts suggests a willingness to consider different viewpoints, which contradicts the self-reliant nature of overconfidence bias.