Business Standard

Put checks in place to curb overconfidence

Be aware of the overconfidence bias and implement checks in crucial areas like personal finances, say, by seeking expert advice or advice from a trusted source

broker, stock market
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Harsh Roongta

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It’s Saturday evening and I am scrambling to finish this article before bedtime. I was confident I would finish it during working hours, but some last-minute calls and eleventh-hour research ensured that this task got prolonged. This happens to me every time I have an important deadline. Despite repeated failures on this count, I somehow continue to remain confident about beating the deadline comfortably each time.

Humans, in general, are overconfident, excessively optimistic, and regard themselves as superior to others. Why do I say this? Ask anyone with a driving licence to rate their driving abilities, and most people will tell

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First Published: Aug 27 2023 | 9:10 PM IST

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