Search results
Results from the WOW.Com Content Network
The overconfidence effect is a well-established bias in which a person's subjective confidence in their judgments is reliably greater than the objective accuracy of those judgments, especially when confidence is relatively high. [1] [2] Overconfidence is one example of a miscalibration of subjective probabilities.
The Pollyanna principle (also called Pollyannaism or positivity bias) is the tendency for people to remember pleasant items more accurately than unpleasant ones. [1] Research indicates that at the subconscious level, the mind tends to focus on the optimistic; while at the conscious level, it tends to focus on the negative.
The study suggests that the underlying cognitive mechanism is similar to the noisy mixing of memories that cause the conservatism bias or overconfidence: re-adjustment of estimates of our own performance after our own performance are adjusted differently than the re-adjustments regarding estimates of others' performances. Estimates of the ...
Overconfidence is a very serious problem, but you probably think it doesn't affect you. That's the tricky thing with overconfidence: The people who are most overconfident are the ones least likely ...
Over the last decade we have published essays on race, immigration, entrepreneurism, the staggering national debt, books and libraries, the basis of political legitimacy, war and violence, and the ...
Why You Need to Do Your Research There are other takeaways from this study and others that can have a bearing on how you interpret professional advice and whether or not to act on it. For example:
The hard–easy effect is a cognitive bias that manifests itself as a tendency to overestimate the probability of one's success at a task perceived as hard, and to underestimate the likelihood of one's success at a task perceived as easy.
The hindsight bias causes defendants to be judged as capable of preventing the bad outcome. [52] Although much stronger for the defendants, hindsight bias also affects the plaintiffs . In cases that there is an assumption of risk, hindsight bias may contribute to the jurors perceiving the event as riskier because of the poor outcome.