News

Latest Podcasting News

The Daily Decision-22-Overconfidence effect

The Daily Decision-22-Overconfidence effect

Hello Hello This is Dr. Z, Zachary Brooks, with The Daily Decision

because you want to make better decisions.

M4A

MP3

Today is the TWENTY-SECOND episode of The Daily Decision

 

How confident are you in your answers to questions? For example, if you were asked to spell 10 reasonably difficult words without a dictionary how well would you do?

It turns out most people would guess that their scores would be higher than their actual performance. Confidence is greater than accuracy. Mmm.

This overconfidence effect shows up in various ways.

Some people believe that their sense of direction is better than it really is.

Some people think that they are irreplaceable to his or her employer, when they are not.

An American Idol contestant believes she sings like Beyoncé while her friends ask them themselves: why she sings is Beyond-Me.

A political candidate who doesn’t campaign as much because they already believe that they will be re-elected.

A person who thinks he or she is so smart that they can show up to an SAT test without studying.

So, the next time you feel confident, ask yourself is it based in preparation or puffery?

Subscribe to Dr. Z Podcasts (DR-Z.net) and follow DR. Z on iTunes

https://podcasts.apple.com/us/podcast/dr-z-podcasts/id1448224029

Check out Dr. Z’s other programs such as the People Behind the PhDs, Organ Oracles, Leaders on the Line, all based on the 6A philosophy by Dr. Z, that’s me.

As always, Happy Deciding.


Widget not in any sidebars

Leave a Reply

Your email address will not be published.

Scroll to top
%d bloggers like this: