A disciplined, balanced allocation across assets and regions can help counteract behavioral biases and support more ...

The Vasa capsized and sank in Stockholm harbor on its maiden voyage in 1628, a short distance from shore. It was a huge embarrassment and a tragic loss of life. The Vasa sinking serves as a reminder ...

Gordon Pennycook, an associate professor of psychology and the corresponding author of the study, highlighted the disconnect ...

We forgot that lesson in Yemen. Shouldn’t those examples be in President Trump’s rear-view mirror in deciding whether to engage with Israel in a full-scale war against Iran?

Overconfidence, or an overestimation of or a misplaced belief in one’s own capabilities and opinions, is an epidemic in the world of work, dating and leisure.

For example, a 2011 study found that financial literacy scores declined by about one percentage point yearly after age 60. Here, hope flutters out of the Pandora’s Box of cognitive decline.

The Crisis of Democratic Overconfidence Los Angeles mayor Karen Bass attends a press conference at an LA4LA permanent housing facility in Los Angeles, Calif., December 9, 2024. (Daniel Cole/Reuters) ...

For example, one study says that two-thirds of all anti-vaccination content on Twitter and Facebook comes from just 12 people. Our overconfident views also lead to increased partisanship when we ...

A brilliant example is Guinness (see below). Whilst it doesn’t directly feature the brand name, the use of distinctive brand assets (the iconic pint and the harp logo) make the brand the central part ...

Ravan’s arrogance, overconfidence, greed, and misuse of resources ultimately led to his downfall. In the epic tale of the Ramayana, Ravana is portrayed as a powerful king with vast resources ...

The Dunning-Kruger effect is an unconscious cognitive bias. Most people don’t realize their overconfidence or their overestimation of their skills. This makes it hard to overcome.

The negative effects of scams According to the survey, more than 7 in 10 (71%) adults who fell victim to a scam said it impacted their financial health, such as setting back their savings (38% ...