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overconfidence is a bias
Overconfidence is a cognitive bias where people overestimate their abilities. It's not just arrogance; it's often a mental shortcut when brains are overwhelmed by complex information or limited processing capacity.
- ๐ฆ ๐บ Australia is wider than the Moon, but 60% of people incorrectly thought the Moon was wider.
- โญ There are 200 billion stars in the Milky Way, but 3 trillion trees on Earth. Most people guessed more stars.
- ๐ Experts are also overconfident; professional forecasters often say they're 53% sure of predictions but are only right 23% of the time.
- ๐ง Overconfidence can be advantageous, improving social status and making people more likely to be chosen as leaders.
- ๐ก The Dunning-Kruger graph often seen online is a meme, not the actual research finding, which shows a less dramatic effect.
A man looks skeptically at the camera, with two bars showing poll results: 'The Moon is wider' (60%) and 'Australia is wider' (40%).