Overconfidence Bias: What It Is and How to Overcome It - Deepstash
Overconfidence bias

Most people think they know more than they really do.

Researchers showed that people believe they understand familiar manufactured objects much better than they really do. ...

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Overconfidence Bias: What It Is and How to Overcome It

taylorpearson.me

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When we don't understand the details, it can cause much trouble. If a nation is overconfident that they will win a war, they will fight more wars. An investor that is to su...

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Focusing on specific details in a complex system while ignoring the amount of detail contained within the system may at first show a benefit. However, it can create a massive collapse in the long-r...

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  • Embrace meta-rationality. Know the limits of your own understanding, know when to consult experts, which experts to defer to, and when to admit that something is impossible ...

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