overestimation bias

Why ‘We Are All Confident Idiots’ — The Dunning-Kruger Effect

igno­rance more fre­quent­ly begets con­fi­dence than does knowl­edge’ — Darwin Why is it that a lit­tle bit of knowl­edge appears to super-inflate peo­ples esti­ma­tion of their abil­i­ties? Whereas a sig­nif­i­cant amount of knowl­edge in a field makes one painful­ly aware of their own lim­i­ta­tions. Take for exam­ple a novice car…

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