Download - Mental Model: Dunning-Kruger Effect - Are You As Smart As You Think You Are?

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Stock Stories

Business:Investing

Mental Model: Dunning-Kruger Effect - Are You As Smart As You Think You Are?

2019-07-03

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The Dunning-Kruger effect is the tendency for those who are incompetent to overestimate their competence. This "dual burden" is two fold: 1) incompetence means less capability to do things well, and 2) overestimation of one's ability means more susceptibility to blind spots and thus, catastrophic failure.

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