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Wiktionary
overestimation

n. An excessive estimation

WordNet
overestimation
  1. n. an appraisal that is too high [syn: overestimate, overvaluation, overappraisal]

  2. a calculation that results in an estimate that is too high [syn: overestimate, overrating, overreckoning]

Usage examples of "overestimation".

Roosevelt - often based on an overestimation of American military power - still has understanding for Germany and her conduct of the war.