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This is an interpretive leap drawn from two facts: the tendency, established by psychological research, of human beings to be overconfident in complex, competitive situations; and the outrageous overconfidence of certain Wall Street executives.
Human beings are designed to be overconfident, to be biased in favour of the status quo, and to go with the herd.
I just don't want to be overconfident".
Most of us tend to be overconfident in our estimates.
We tend to be overconfident in our judgments, a tendency that leads us to unrealistic expectations.
We tend to be overconfident of our odds of getting our way, for instance.
"People tend to be overconfident about their own abilities," said Ghilarducci.
"It's not good to be overconfident, but also not good to lose too much confidence.
For instance, women are socialized to be less confident, whereas men are socialized to be overconfident.
Those very same studies that show women to be underconfident often show men to be overconfident.
But it would be a mistake for them to be overconfident.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com