Saturday, February 5, 2022

Confidence and The Goldilocks Effect

Brian Bigham on self-confidence

"...The goal is to have the confidence to take chances, try new things, and believe in one’s judgment while trying to be realistic and make sound decisions. Confidence is based on facts and figures while overconfidence is based on suppositions and speculation. Knowing your own abilities is confidence but thinking you’re the only capable person is overconfidence. Confidence says simply, I can do this work, while overconfidence says only I can do this work. Self-confidence gives a person the freedom to make mistakes and cope with failure without feeling that the world has come to an end or that you are a worthless person."

Facts & Figures.








Image credit - CMT Insurance

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Oppenheimer and Oscar Economics

This  article  is quite long, but has important modern implications.  Source: Michael Ramirez, The Gazette.