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High Impact
Algorithm: Medium
Self-Assessment
Overconfidence Effect
"Confidence is its own evidence. If I feel certain, I must be correct."
What is Overconfidence Effect?

Excessive confidence in one's own answers or judgments. Certainty without accuracy.

Real-World Impact

Causes poor decision-making, explains why experts are often wrong with great confidence, and drives financial bubbles.

Fun Fact

The more information people have, the more overconfident they become, even when the extra information is irrelevant or misleading.

Random Insight

"Congratulations! Your brain just demonstrated the same reasoning that kept us in trees for millions of years."