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101 Business Ideas That Will Change the Way You Work
book

101 Business Ideas That Will Change the Way You Work

by Antonio Weiss
September 2013
Beginner
320 pages
6h 20m
English
FT Publishing International
Content preview from 101 Business Ideas That Will Change the Way You Work

IDEA #11

How good do you think you are?

cartoon

The better-than-average effect and worse-than-average effect.

What you need to know

A large number of studies have consistently supported the idea that humans have a cognitive bias towards overestimating their own abilities and skills; from IQ scores to healthy living to happy relationships. For example, in a 2000 survey, 87 per cent of Stanford MBA students rated their academic performance as above the median – a clear mathematical impossibility! This bias appears to be most marked for unskilled individuals. The ‘Dunning-Kruger effect’ (named after the academics who uncovered the finding) notes ...

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Publisher Resources

ISBN: 9780273786191