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Overconfidence Bias

The Dangerous Allure of Political Promises

Terry Newell | Posted 04.09.2012 | Politics
Read More: Overconfidence Bias, Election 2012, Campaign Promises, Gingrich Moon Base, Political Promises, Politics News
Terry Newell

Americans are justifiably leery of political promises, whether from candidates or presidents. They have seen too many made and too few kept. The cynicism that promises generate increases the distrust of politics and politicians.

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Optimism Or Overconfidence?

Blythe McGarvie | Posted 05.25.2011 | Business
Read More: New Normal, Freud, Work, Meaning of Life, Overconfidence-Bias, Optimism, Economy, Prosperity, Viktor Frankl, Women in Finance, Pleasure, Power, Probabilities., Adler, Business News
Blythe McGarvie

Optimism is an attitude. Overconfidence is an error in calculating statistical probabilities. As you think about the value of being optimistic, I encourage you to make a distinction between optimism and overconfidence.

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Why Do Smart People Make Dumb Decisions?

Dr. Ali Binazir | Posted 11.17.2011 | Healthy Living
Read More: Ali Binazir, Overconfidence Bias, Decision Enhancement, Cognitive Biases, Fundamental Attribution Error, Confirmation Bias, Availability Bias, Sunk Cost Fallacy, Sunk Costs, Availability Heuristic, The Balanced Life, Healthy Living News
Dr. Ali Binazir

Psychologists who've studied our decision-making processes have observed cognitive biases that tend to get us in trouble. These biases don't make you a bad person, they just make you human.

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