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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.
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.
The curse of knowledge, also called the curse of expertise [1] or expert's curse, is a cognitive bias that occurs when a person who has specialized knowledge assumes that others share in that knowledge. [2] For example, in a classroom setting, teachers may have difficulty if they cannot put themselves in the position of the student.
[1] The hard-easy effect falls under the umbrella of " social comparison theory ", which was originally formulated by Leon Festinger in 1954. Festinger argued that individuals are driven to evaluate their own opinions and abilities accurately, and social comparison theory explains how individuals carry out those evaluations by comparing ...
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 ...
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The bat costs $1 more than the ball. How much does the ball cost?" many subjects incorrectly answer $0.10. [101] An explanation in terms of attribute substitution is that, rather than work out the sum, subjects parse the sum of $1.10 into a large amount and a small amount, which is easy to do.