Behavioural Economics

The Dunning-Kruger Bias: The stupid are usually cocksure while the intelligent are full of doubts.

All this time, you thought you were among the best of the best, but you were really just an amateur.

I write Sunday Wisdom where I discuss the principles of life, strategy, and antifragility. Subscribe here.

The Dunning Kruger bias occurs when unskilled people believe they are skilled, knowledgeable or exceptionally experienced in something when they’re not.

“True wisdom is knowing what you don’t know”

― Confucius, Sayings of Confucius

“A fool doth think he is wise, but the wise man knows himself to be a fool.”

— Shakespeare, As You Like It

Ignorance more frequently begets confidence than does knowledge. — Charles Darwin

I write Sunday Wisdom where I discuss the principles of life, strategy, and antifragility. Subscribe here.

I write ‘Sunday Wisdom’, a weekly newsletter on clear thinking and decision making: https://coffeeandjunk.com/newsletter

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