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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.
After a series of easy victories against their opponents, the overconfident Japanese failed to take elementary precautions. Italy's entry in WW2 (1940) followed a series of victories in Libya (1922-1932), Ethiopia (1935-1936), Spain (1936-1939), and Albania (1939), which gave the Fascist regime the illusion of being able to win a global war ...
Illusory superiority has also explained phenomena such as the large amount of stock market trading (as each trader thinks they are the best, and most likely to succeed), [21] and the number of lawsuits that go to trial (because, due to illusory superiority, many lawyers have an inflated belief that they will win a case).
Alamy You may find overconfidence in others or yourself to be a trait that's harmless, perhaps charming, or even annoying. You likely find it more compelling in an adviser than prudent caution.
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Leicester City F.C., an Association football Club, won the Premier League in the 2015-16 season despite being 5000-1 underdogs, an example of an upset [1] An upset occurs in a competition, frequently in electoral politics or sports, when the party popularly expected to win (the "favorite") is defeated by (or, in the case of sports, ties with) an underdog whom the majority expects to lose ...
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]
Win Bigly: Persuasion in a World Where Facts Don't Matter is a 2017 nonfiction book by Scott Adams, creator of Dilbert, and author of How To Fail At Everything and Still Win Big. The book presents Adams's theory that Donald Trump 's victory in the 2016 United States presidential election was due to Trump being a "master persuader" with a deep ...