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The Dunning–Kruger effect is defined as the tendency of people with low ability in a specific area to give overly positive assessments of this ability. [2][3][4] This is often seen as a cognitive bias, i.e. as a systematic tendency to engage in erroneous forms of thinking and judging. [5][6][7] In the case of the Dunning–Kruger effect, this ...
The illusion of explanatory depth (IOED) is cognitive bias or an illusion where people tend to believe they understand a topic better than they actually do. [1][2][3] The term was coined by Yale researchers Leonid Rozenblit and Frank Keil in 2002. [1][4] The effect was observed in only one type of knowledge called explanatory knowledge, in this ...
The term "curse of knowledge" was coined in a 1989 Journal of Political Economy article by economists Colin Camerer, George Loewenstein, and Martin Weber.The aim of their research was to counter the "conventional assumptions in such (economic) analyses of asymmetric information in that better-informed agents can accurately anticipate the judgement of less-informed agents".
Illusory superiority. In social psychology, illusory superiority is a cognitive bias wherein people overestimate their own qualities and abilities compared to others. Illusory superiority is one of many positive illusions, relating to the self, that are evident in the study of intelligence, the effective performance of tasks and tests, and the ...
The Dunning-Kruger effect, a cognitive bias, suggests that poor performers often overestimate their abilities, while skilled individuals tend to underestimate their abilities. [5] This study showed that people who performed in the lowest at certain tasks, such as judging humor, grammar, and logic, significantly overestimated how good they were ...
Paul Robin Krugman (/ ˈkrʊɡmən / ⓘ KRUUG-mən; [4][5] born February 28, 1953) [6] is an American economist who is the Distinguished Professor of Economics at the Graduate Center of the City University of New York and a columnist for The New York Times. [7] In 2008, Krugman was the sole winner of the Nobel Memorial Prize in Economic ...
The backfire effect is a name for the finding that given evidence against their beliefs, people can reject the evidence and believe even more strongly. [136] [137] The phrase was coined by Brendan Nyhan and Jason Reifler in 2010. [138] However, subsequent research has since failed to replicate findings supporting the backfire effect. [139]
Donald Jasper Harris, OM (born August 23, 1938) is a Jamaican-American economist and emeritus professor at Stanford University, known for applying post-Keynesian ideas to development economics. [1] He was the first Black scholar granted tenure in the Stanford Department of Economics, and he is the father of Kamala Harris, the incumbent Vice ...