The Dunning-Kruger Effect: Why We Overestimate Our Abilities
Update: 2023-02-20
Description
Have you ever found yourself feeling confident in your abilities, only to discover later that you were not as skilled as you thought? This is a common experience that can be explained by the Dunning-Kruger effect. In this episode, we explore the origins of the effect, how it manifests in our personal and professional lives, and even how it can impact our investing decisions. Using Indian examples, we discuss how the Dunning-Kruger effect can lead to poor academic performance, workplace mistakes, and financial losses. Join us as we delve into the fascinating world of cognitive bias and learn how to avoid the dangers of overconfidence.
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