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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 ...
From 1998 until 2000, when NatWest was taken over by the RBS Group, it was part of Greenwich NatWest under the joint management of co-chief executives Gary Holloway and Konrad "Chip" Kruger. [16] Greenwich Capital Markets became RBS Securities (trading as RBS) in 2009, prior to which it had used the marketing name RBS Greenwich Capital. [17]
Casper's Dictum is a law in forensic medicine that states the ratio of time a body takes to putrefy in different substances – 1:2:8 in air, water and earth. Cassie's law describes the effective contact angle θ c for a liquid on a composite surface. Cassini's laws provide a compact description of the motion of the Moon.
The illusion is related to the Dunning–Kruger effect, differing in that the IOED examines explanatory knowledge as opposed to ability. [ 1 ] [ 3 ] Limited evidence exists suggesting that the effects of the IOED are less significant in subject matter experts, [ 7 ] but it is believed to affect almost everyone, compared to the Dunning–Kruger ...
Paul Krugman. 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 ...
e. The Cambridge capital controversy, sometimes called " the capital controversy " [1] or " the two Cambridges debate ", [2] was a dispute between proponents of two differing theoretical and mathematical positions in economics that started in the 1950s and lasted well into the 1960s. The debate concerned the nature and role of capital goods and ...
Herbert Glejser. Herbert Glejser (1938–2024) was a Belgian economist and econometrician. [2] Early in his career, he became known for the Glejser test, a statistics test for heteroskedasticity he developed in 1969. [3] He was an Economics professor in Belgium until 2003 and had been visiting professor in several US universities (MIT, Berkeley ...
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 ...