In this episode of the Magness & Marcus show, we delve into the Dunning Kruger effect. You might not know the name of this cognitive bias, but it’s something we’re all familiar with. It refers to our inability to accurate assess our abilities. Novices tend to overestimate their abilities, while experts tend to do the opposite and underestimate their competence. Or put in layman’s terms, it’s that friend who is 100% confident that he’s right on a subject which he is only vaguely familiar with. I...
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