Which bias(es) can the following behavior be explained by?
John plays the violin and will take part in the tryouts for the national orchestra. He says "only 0.76% of applicants make it into the orchestra, but i'm sure i'ii be eccepted!
a. loss aversion
b. Overconfidence
c. Sunk cost fallacy
d. Base rate neglect
e. Present bias
f. Over
g. weighting of small probabilities
h. Failure to consider opportunity costs