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Overconfidence phenomenon (reading time – 30 sec.) The phenom | Critical thinking

Overconfidence phenomenon
(reading time – 30 sec.)

The phenomenon occurs when people's confidence in their abilities is greater than their accuracy. In other words, people are more confident in their judgment than they are correct

For example, at work, people assume themselves to be better than most others. Due to this overconfidence, the need to learn and improve seems unnecessary. Over a while, employees stagnate at what they do. This leads to lower annual raises, lack of promotions or even layoffs. In such scenarios, people blame their organization or their bosses but never themselves.

Topic: #CognitiveBiases