Overconfidence leads to bad decision making

Overconfidence leads to bad decision making
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Highlights

Being confident is one thing and being overconfident quite another. Researchers have found that those who think intelligence is fixed and unchangeable tend to be more overconfident. \"Such people tend to maintain their overconfidence by concentrating on the easy parts of tasks while spending as little time as possible on the hard parts of tasks,\" said Joyce Ehrlinger from Washington State Universit

​New York: Being confident is one thing and being overconfident quite another. Researchers have found that those who think intelligence is fixed and unchangeable tend to be more overconfident. "Such people tend to maintain their overconfidence by concentrating on the easy parts of tasks while spending as little time as possible on the hard parts of tasks," said Joyce Ehrlinger from Washington State University in the US.

"A little bit of overconfidence can be helpful, but larger amounts of overconfidence can lead people to make bad decisions and to miss out on opportunities to learn," Ehrlinger added in the paper to be published in March in the Journal of Experimental Social Psychology.

But people who hold a growth mindset -- meaning they think intelligence is a changeable quality -- spend more time on the challenging parts of tasks, Consequently, their levels of confidence are more in line with their abilities.

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