Overconfidence Can Be Transmitted From Person To Person
Emma Young, BPS Research Digest
There will always be some people within a group who are more confident than others. But some groups as a whole tend towards modesty — as with the !Kung hunters of the Kalahari Desert, for example, who deliberately downplay their own achievements and efforts. However, the opposite can also occur — and widespread overconfidence can of course become a problem, as with the US energy company Enron, whose “culture of arrogance” ultimately led to its downfall.
These two examples...Continue reading...