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Stuff To Blow Your Mind

From the Vault: Overconfidence, Part 2

Stuff To Blow Your Mind

iHeartPodcasts

Social Sciences, Science, Life Sciences, Natural Sciences

4.36K Ratings

🗓️ 6 March 2021

⏱️ 51 minutes

🧾️ Download transcript

Summary

What is overconfidence? We tend to know it when we see it, but the concept is increasingly hard to nail down the more you think about it. In this Stuff to Blow Your Mind two-parter, Robert and Joe explore the mythic roots of hubris, the psychology of overconfidence and its role in society and business. (Originally published 2/27/2020)

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Transcript

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0:00.0

Hey, welcome to Stuff To Blow Your Mind. My name is Robert Lam.

0:09.1

And I'm Joe McCormick and it's Saturday, time to head into the old vault for a classic

0:13.4

episode of the show. This one originally aired February 27th, 2020, and it's part two

0:18.7

of our series about overconfidence.

0:20.8

Alright, let's just dive right into it.

0:24.0

Welcome to Stuff To Blow Your Mind, a production of I Heart Radias has to forks.

0:31.0

Hey, welcome to Stuff To Blow Your Mind. My name is Robert Lam.

0:39.8

And I'm Joe McCormick and we're back with part two of our discussion of overconfidence.

0:44.4

That's right. If you did not listen to the previous episode, do go back and listen to that

0:49.2

episode because we're going to lay the groundwork, we're going to discuss overconfidence

0:53.5

and hubris and mythology and human histories and then get into the psychology of it.

1:00.0

And what various psychological studies have revealed and continue to reveal about the

1:04.9

nature of overconfidence and how we can divide this sort of amorphous concept of overconfidence

1:11.3

out into categories that can be more easily studied and understood.

1:15.6

That's right. Now in the last episode, one of the main things we talked about was this

1:18.8

huge new review of the scientific literature on something known as the Better Than Average

1:23.2

Effect, which is the tendency for people to rate themselves as better than average with

1:27.7

respect to their peers on all kinds of stuff. One classic example is that something like

1:33.2

93% of people think they are a better than average driver.

1:38.0

So if you're listening to this as you drive, eyes back on the road and make sure you use

1:42.2

this turn signals. Turn signals stay safe lives. Turn signals let other drivers and pedestrians

1:47.2

know what you intend to do. Even if you think you're a great driver,

...

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