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But others have pointed out that prior work tended to examine good outcomes that happened to be common (such as owning one's own home) and bad outcomes that happened to be rare (such as being struck by lightning). [23] [24] [25] Event frequency accounts for a proportion of prior findings of comparative optimism. People think common events (such ...
Illusory superiority has been found in individuals' comparisons of themselves with others in a variety of aspects of life, including performance in academic circumstances (such as class performance, exams and overall intelligence), in working environments (for example in job performance), and in social settings (for example in estimating one's ...
Optimism bias is typically measured through two determinants of risk: absolute risk, where individuals are asked to estimate their likelihood of experiencing a negative event compared to their actual chance of experiencing a negative event (comparison against self), and comparative risk, where individuals are asked to estimate the likelihood of experiencing a negative event (their personal ...
“Confidence is the duct tape of communication — it can patch over a lot of holes, at least temporarily,” Dr. Gerharz shared. “Speak boldly enough, and people might just overlook the fact ...
Sports psychologist Dr. Jim Taylor, who helps athletes up their mental games, told me about the importance of “prime confidence,” a term he coined as an alternative to “peak confidence.”
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 ...
There are plenty of examples of overly confident experts leading followers astray. Think back to the 1998 implosion of Long-Term Capital Management , a hedge fund run by several Nobel Prize winners.
Hindsight bias is more likely to occur when the outcome of an event is negative rather than positive. [14] This is a phenomenon consistent with the general tendency for people to pay more attention to negative outcomes of events than positive outcomes.