Irrational and Overrated: Is our Unrealistic Self-Perception connected to Educational Achievements?
Feb 2014 · Anchor Academic Publishing (aap_verlag)
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About this ebook
This book examines the relationship between education and excessive confidence in situations of uncertainty. For this purpose, a questionnaire with 10 pseudo general knowledge questions was designed whereby their degree of difficulty exceeds the knowledge of an average student by far. It was investigated whether subjects (N = 535) would acknowledge this condition and its associated nescience. If that is the case, they will answer the 10 questions within an extremely wide confidence interval in order to meet the predefined 90% accuracy requirement. The focus of investigation was in Southern Germany as the school system regularly receives top marks in national educational rankings. In addition to the empirical study, the paper defines the distortion of judgment and identifies its relevant factors. It gives a detailed explanation of the German education system, and states the criticism of the concept of overconfidence. The paper concludes with a recommendation for action and ventures a look ahead. The main intention of the study is to identify a possible factor which influences human behavior towards a biased decision-making process. It is crucial to understand all relevant factors in order to take actions against the negative effects of overconfidence.
About the author
Dominik M. Piehlmaier worked more than four years for one of the biggest companies among the Fortune 500 before he dedicated himself to the studies which resulted in this book. He worked 1.5 years in the People’s Republic of China first, in the project management and later, as an English teacher. The author is constantly participating in relevant congresses, and took part in an academic exchange program at Peking University and Fudan University. He currently lives in Santiago de Chile, and studies psychology and economics at Universidad del Desarrollo. His main intention is the research of irrational behavior and its impact on the business related decision-making process.
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