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One manifestation of the overconfidence effect is the tendency to overestimate one's standing on a dimension of judgment or performance. This subsection of overconfidence focuses on the certainty one feels in their own ability, performance, level of control, or chance of success.
The illusion of control is the tendency for people to overestimate their ability to control events, for example, when someone feels a sense of control over outcomes that they demonstrably do not influence. [2] The illusion might arise because a person lacks direct introspective insight into whether they are in control of events.
Hubris (/ ˈ h juː b r ɪ s /; from Ancient Greek ὕβρις (húbris) 'pride, insolence, outrage'), or less frequently hybris (/ ˈ h aɪ b r ɪ s /), [1] describes a personality quality of extreme or excessive pride [2] or dangerous overconfidence and complacency, [3] often in combination with (or synonymous with) arrogance. [4]
Image credits: imll99 Clearly, the people featured on this list didn’t do a great job of correcting others. But is there a polite and respectful way to do so?
The Biden administration on Tuesday announced new sanctions against Russians accused of producing a bogus video spreading sexual assault allegations against Democratic vice presidential candidate ...
Hindsight bias influences the decisions of investors in the investment sector. Investors tend to be overconfident in predicting the future because we mistakenly believe that we have predicted the present in the past, so we assume that the future will follow our predictions. Overconfidence is the killer for investment returns.
(The Center Square) – A new Republican oversight report accuses former Congresswoman Liz Cheney of colluding with witnesses in the Jan. 6 Select Committee investigation that she oversaw. The ...
So-called "strong" situations involve unambiguous demands (the classic example is a red traffic light), whereas "weak" situations are characterized by more ambiguous expectations for behavior. [22] Situation strength is related to trait relevance insofar as trait relevance is essentially a characteristic of a situation that can lead to the ...