Search results
Results From The WOW.Com Content Network
Illustration for John Milton's Paradise Lost by Gustave Doré (1866). The spiritual descent of Lucifer into Satan, one of the most famous examples of hubris.. Hubris (/ ˈ h juː b r ɪ s /; from Ancient Greek ὕβρις (húbris) 'pride, insolence, outrage'), or less frequently hybris (/ ˈ h aɪ b r ɪ s /), [1] describes a personality quality of extreme or excessive pride [2] or dangerous ...
The overconfidence effect is a well-established bias in which a person's subjective confidence in their judgments is reliably greater than the objective accuracy of those judgments, especially when confidence is relatively high. [1] [2] Overconfidence is one example of a miscalibration of subjective probabilities.
Hindsight bias may lead to overconfidence and malpractice in regards to physicians. Hindsight bias and overconfidence is often attributed to the number of years of experience the physician has. After a procedure, physicians may have a "knew it the whole time" attitude, when in reality they may not have known it.
The term "curse of knowledge" was coined in a 1989 Journal of Political Economy article by economists Colin Camerer, George Loewenstein, and Martin Weber.The aim of their research was to counter the "conventional assumptions in such (economic) analyses of asymmetric information in that better-informed agents can accurately anticipate the judgement of less-informed agents".
Overconfidence effect, a tendency to have excessive confidence in one's own answers to questions. For example, for certain types of questions, answers that people rate as "99% certain" turn out to be wrong 40% of the time. [5] [44] [45] [46] Planning fallacy, the tendency for people to underestimate the time it will take them to complete a ...
The book's main thesis is a differentiation between two modes of thought: "System 1" is fast, instinctive and emotional; "System 2" is slower, more deliberative, and more logical. The book delineates rational and non-rational motivations or triggers associated with each type of thinking process, and how they complement each other, starting with ...
[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 applies mainly to people with low skill in a specific area trying to evaluate their competence within this area.
Victory disease occurs in military history when complacency or arrogance, brought on by a victory or a series of victories, makes an engagement end disastrously for a commander and his forces. [ 1 ] A commander may disdain the enemy, and believe his own invincibility, leading his troops to disaster.