Abstract
In a wide variety of cognitive tasks, people's expectations of what their own performance is, was, and will be are an overestimate of reality. After documenting a number of situations in which people exhibit such overconfidence, several reasons for it are discussed. It is suggested that in these situations, the optimistic bias is not attributable exclusively to self-deception or wishful thinking. Rather, the information yielded up by the cognitive system, in combination with the heuristics used for making judgments of future and past performance tailored to the specific questions asked of participants, produces a bias toward believing that one knows, knew, and will perform better than actual performance substantiates. Consequently, in the cognitive domain, the inflated beliefs that result in overconfidence also result in cessation of efforts before the correct solution of problems is ascertained, before accurate retrieval of memorial information is attained, or before adequate learning of new material has been accomplished. This effect seems in contrast to findings on people's moods and self-esteem in real-world or threatening situations that suggest that an optimistic bias in these domains be person protective and adaptive.
Keywords
Affiliated Institutions
Related Publications
Distinguishing Optimism from Denial: Optimistic Beliefs Predict Attention to Health Threats
Research has yielded conflicting views of the adaptiveness of optimistic beliefs in confronting negative events and information. To test whether optimism functions like denial, ...
Depression and coping in stressful episodes.
Fifteen depressed and 72 nondepressed middle-aged persons were repeatedly assessed over a 1-year period with respect to the thoughts and actions they used in coping in specific ...
Remembering reactions and facts: The influence of subsequent information.
Memory for reactions and judgments about a biographical passage was examined following the presentation of subsequent information relevant to the passage. Experiment 1 demonstra...
How to Make Cognitive Illusions Disappear: Beyond “Heuristics and Biases”
Most so-called "errors" in probabilistic reasoning are in fact not violations of probability theory. Examples of such "errors" include overconfidence bias, conjunction fallacy, ...
Explaining Bargaining Impasse: The Role of Self-Serving Biases
The authors review studies conducted by themselves and coauthors that document a 'self-serving' bias in judgments of fairness and demonstrate that the bias is an important cause...
Publication Info
- Year
- 1998
- Type
- article
- Volume
- 2
- Issue
- 2
- Pages
- 100-110
- Citations
- 171
- Access
- Closed
External Links
Social Impact
Social media, news, blog, policy document mentions
Citation Metrics
Cite This
Identifiers
- DOI
- 10.1207/s15327957pspr0202_3