Do all people suffer from overconfidence?

Photo by Icons8 Team on unsplash

Are you an above average driver? In studies, almost all subjects say: Yes, that’s me. There is a typical pattern behind this: people systematically overestimate their own abilities.

This tendency does not only have positive consequences. For example, it leads us to take excessive risks.

A stock trader, for example, who trusts his own skills too much, will hardly make…