overestimate
Verb:
- To assign an excessively high value, amount, or importance to someone or something.
- To form an opinion or judgment about a person's abilities, a situation's difficulty, or an object's worth that is higher than the actual reality.
Noun:
- An estimate, calculation, or appraisal that is too high.
- The act or result of judging something to be greater than it actually is.
Verb:
- Investors should be careful not to overestimate the company's short-term profits.
- I overestimated how much time I needed and arrived an hour early.
- He tends to overestimate his own influence in these negotiations.
Noun:
- The project's budget failure was due to a significant overestimate of material costs.
- Her overestimate of the risks made her overly cautious.
Cognitive Bias: In psychology, an "overestimate" can refer to a systematic error in thinking where people consistently judge their skills, control, or chances of success as higher than they objectively are.
- A common cognitive bias is to overestimate the probability of rare but dramatic events.
In Formal Contexts: Often used in economics, project management, and research to describe a forecasting error.
- The model's overestimate of demand led to a surplus of inventory.
Overestimation (noun): The action or process of overestimating; a synonym for the noun form 'overestimate'.
- The overestimation of our capabilities was the project's downfall.
Overrated (adjective): Describes something that has been rated or valued higher than it deserves. (Note: This is a related concept but not a direct variant of the verb/noun "overestimate").
- That restaurant is good, but I think it's overrated.
- Verb: Overvalue, overrate, exaggerate, magnify.
- Noun: Overvaluation, excessive estimate, miscalculation (upward).
- Verb: Underestimate, undervalue, underrate.
- Noun: Underestimate, undervaluation.
To overestimate the importance/significance of: To attribute too much importance.
- It's easy to overestimate the importance of a single meeting.
A gross overestimate: An estimate that is far too high.
- Their cost prediction was a gross overestimate.
Danger of overestimating: Used to warn against this error.
- There is a danger of overestimating the enemy's strength.
- a calculation that results in an estimate that is too high
- an appraisal that is too high
- assign too high a value to
- You are overestimating the value of your old car
- make too high an estimate of
- He overestimated his own powers