I mentioned overconfidence last period; we then tend to have overconfidence in our anchored judgments.

上节课曾提到过度自信,人们在锚定效应影响下会过度自信

耶鲁公开课 - 金融市场课程节选

But they--because of over confidence and magical thinking, it starts to go to their ego.

但由于过度自信和神奇式思考,他们会自我膨胀

耶鲁公开课 - 金融市场课程节选

This gives rise again to overconfidence among investors.

这也是促使投资者过度自信的一个因素

耶鲁公开课 - 金融市场课程节选