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Self-Delusion Can Help You Win

But too much overconfidence can be disastrous: study

(Newser) - Whether you’re looking to win on the battlefield or in the boardroom, overconfidence may be better for you than clear-eyed analysis of your chances, a study suggests. Researchers in Scotland and California created a mathematical model to compare different strategies: overconfident, under-confident, and accurate assessments of one’s chances... More »

Beware Overconfidence, GOP

Brown victory can galvanize Dems, warns righty blogger

(Newser) - Republican confidence is sky-high after Scott Brown’s win, but, conservative blogger Mindy Finn warns, the “victory is an enormous opportunity—for the Democrats … if we repeat the mistakes of the past in interpreting a ‘change’ election.” But yesterday’s election showed that voters “have... More »

Wall Street Lives, Dies by Overconfidence: Gladwell

(Newser) - Confidence is key to the banking game, but an overabundance of it seems to have made the industry’s titans so delusional they blundered into the financial crisis, Malcolm Gladwell writes in the New Yorker. “The roots of Wall Street’s crisis were not structural or cognitive so much... More »

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