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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.
Mansplaining (a blend word of man and the informal form splaining of the gerund explaining) is a pejorative term meaning "(for a man) to comment on or explain something, to a woman, in a condescending, overconfident, and often inaccurate or oversimplified manner". [3] [4] [5] [6]
One is the ambiguity of the word "average". It is logically possible for nearly all of the set to be above the mean if the distribution of abilities is highly skewed . For example, the mean number of legs per human being is slightly lower than two because some people have fewer than two and almost none have more.
Image credits: TheRandomAwesomeGuy So why do we become overconfident even when we’re wrong? “Because it works – at least in the short term,” the communication expert says.
Confirmation bias can lead investors to be overconfident, ignoring evidence that their strategies will lose money. [ 10 ] [ 104 ] In studies of political stock markets , investors made more profit when they resisted bias.
The illusion of control is the tendency for people to overestimate their ability to control events. It was named by U.S. psychologist Ellen Langer and is thought to influence gambling behavior and belief in the paranormal. [1]
Confidence is the feeling of belief or trust that a person or thing is reliable. [1] Self-confidence is trust in oneself. Self-confidence involves a positive belief that one can generally accomplish what one wishes to do in the future. [2]
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 ...