Thursday, September 24, 2009

New Study on Overconfidence.


Fascinating bit.
"The puzzle about overconfidence is its ubiquity. Many studies have shown that most people have an exaggerated sense of their own capabilities, an illusion of control over events and an invulnerability to risk. Most people, for example, believe they are above average drivers, a statistical impossibility. We are all overconfident in one way or another."

More here.




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