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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.
Self-esteem stability refers to immediate feelings of self-esteem which, generally, will not be influenced by everyday positive or negative experiences. [1] In contrast, unstable self-esteem refers to fragile and vulnerable feelings of self-esteem which will be influenced by internally generated, such as reflecting on one's social life, and externally received evaluative information, for ...
Animal spirits is a term used by John Maynard Keynes in his 1936 book The General Theory of Employment, Interest and Money to describe the instincts, proclivities and emotions that seemingly influence human behavior, which can be measured in terms of consumer confidence. [1]
Confidence is a nonspecific term that refers to strength of belief but does not necessarily specify what the certainty is about. I can be supremely confident that I will fail at an endeavor. Perceived self-efficacy refers to belief in one's agentive capabilities, that one can produce given levels of attainment.
Mental toughness is a measure of individual psychological resilience and confidence that may predict success in sport, education, and in the workplace. [1] The concept emerged in the context of sports training and sports psychology, as one of a set of attributes that allow a person to become a better athlete and able to cope with difficult training and difficult competitive situations and ...
Confidence weighting when applied to a specific answer selection for a particular test or exam question is referred to in the literature from cognitive psychology as item-specific confidence, a term typically used by researchers who investigate metamemory or metacognition, comprehension monitoring, or feeling-of-knowing. [2]
Nonetheless, the Buy-On-Dips Confidence Index divergence may go some small way toward undercutting the popular belief that the stock market won't -- or can't -- reach a peak until the little guy ...
The confidence interval can be expressed in terms of probability with respect to a single theoretical (yet to be realized) sample: "There is a 95% probability that the 95% confidence interval calculated from a given future sample will cover the true value of the population parameter."