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Research on children's performance expectations has repeatedly shown that preschoolers and kindergarten children typically overestimate their own performance across a wide range of contexts. In this study, two experiments were carried out with 4‐ and 6‐year‐old children to assess the impact of familiarity with the task, memory monitoring, and wishful thinking on children's performance predictions. Results showed that overpredictions were rather due to wishful thinking than to poor metacognition, and that overpredictions were more frequent in unfamiliar as compared to familiar task settings.
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