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If human confidence had perfect calibration, judgments with 100% confidence would be correct 100% of the time, 90% confidence correct 90% of the time, and so on for the other levels of confidence. By contrast, the key finding is that confidence exceeds accuracy so long as the subject is answering hard questions about an unfamiliar topic.
Some researchers include a metacognitive component in their definition. In this view, the Dunning–Kruger effect is the thesis that those who are incompetent in a given area tend to be ignorant of their incompetence, i.e., they lack the metacognitive ability to become aware of their incompetence.
Illusory superiority has been found in individuals' comparisons of themselves with others in a variety of aspects of life, including performance in academic circumstances (such as class performance, exams and overall intelligence), in working environments (for example in job performance), and in social settings (for example in estimating one's ...
There are plenty of examples of overly confident experts leading followers astray. Think back to the 1998 implosion of Long-Term Capital Management , a hedge fund run by several Nobel Prize winners.
“Confidence is the duct tape of communication — it can patch over a lot of holes, at least temporarily,” Dr. Gerharz shared. “Speak boldly enough, and people might just overlook the fact ...
Illustration for John Milton's Paradise Lost by Gustave Doré (1866). The spiritual descent of Lucifer into Satan, one of the most famous examples of hubris.. 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 ...
Read article “When Nayte just stepped out of the limo, he was just very confident — but he didn’t have that overconfidence. He was still nervous,” the 28-year-old teacher exclusively tells ...
The tendency to be over-optimistic, underestimating greatly the probability of undesirable outcomes and overestimating favorable and pleasing outcomes (see also wishful thinking, valence effect, positive outcome bias, and compare pessimism bias). [108] [109] Ostrich effect: Ignoring an obvious negative situation. Outcome bias