Judgment errors occur when people make mistakes in their decision-making processes. These errors can arise from biases, emotions, or a lack of information, leading to incorrect conclusions. For example, someone might overestimate their ability to predict the stock market, influenced by their recent successes, which can result in poor investment choices. Another common type of judgment error is the confirmation bias, where individuals favor information that supports their existing beliefs while ignoring contradictory evidence. This can hinder critical thinking and lead to flawed decisions. Recognizing these errors is essential for improving our judgment and making better choices in various aspects of life.