The late psychologist Daniel Kahneman once said if he could wave a magic wand and get rid of any bias, he would choose overconfidence. However, overconfidence is here to stay. In a recent study in Psychological Science, researchers examined this bias among tournament chess players, to investigate if overconfidence is prevalent in an environment that should discourage it.
Overconfidence persists even where regular feedback should discourage it, chess study finds
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