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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.
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 overconfidence and complacency, [3] often in combination with (or synonymous with) arrogance. [4]
The illusion of control is the tendency for people to overestimate their ability to control events, for example, when someone feels a sense of control over outcomes that they demonstrably do not influence. [2] The illusion might arise because a person lacks direct introspective insight into whether they are in control of events.
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.
Spurling says that HR can prove a great “sounding board” in situations of conflict resolution, as well as giving you resources on how to deal with the scenario going forward. 6. Politely ...
Hindsight bias is more likely to occur when the outcome of an event is negative rather than positive. [14] This is a phenomenon consistent with the general tendency for people to pay more attention to negative outcomes of events than positive outcomes.
One of the most crucial traits an expert can have is a refusal to speak in absolute terms without absolute certainty. Overstatements can be very dangerous — particularly when public health is on ...
Expectancy violations theory (EVT) is a theory of communication that analyzes how individuals respond to unanticipated violations of social norms and expectations. [1] The theory was proposed by Judee K. Burgoon in the late 1970s and continued through the 1980s and 1990s as "nonverbal expectancy violations theory", based on Burgoon's research studying proxemics.