Overconfidence
Definition
Overconfidence refers to the tendency of an individual to overestimate their abilities and knowledge, leading them to make decisions without considering potential risks or negative outcomes.
Analogy
Imagine you're playing a video game for the first time. You've watched others play it and think it looks easy, so you jump into the hardest level right away. Despite never having played before, you're sure you'll win because you've seen others do it. This is like overconfidence - assuming success without proper experience or preparation.
Related terms
Self-serving bias: This is a cognitive bias where individuals attribute positive events to their own character but attribute negative events to external factors. It's like taking credit for winning a group project but blaming your teammates when things go wrong.
Dunning-Kruger effect: This psychological phenomenon occurs when people with low ability at a task overestimate their ability. It's like thinking you're an expert chef after successfully making instant noodles.
Illusory superiority: This is a cognitive bias whereby individuals overestimate their own qualities and abilities, compared to others. It's like believing you're the best singer in your choir, even though everyone hits the same notes as well as you do.
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