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Suman Meghwal

Wealthseeker • 1m

The Effect of Dunning-Kruger Have you ever noticed how someone with little experience might appear overconfident at times? This is the Dunning-Kruger Effect, a cognitive bias in which professionals tend to underestimate their own competence while others with less skill tend to overestimate it. This is the reason it occurs: 1. Lack of Self-Awareness: It might be challenging to identify your own limitations when you lack knowledge about a subject. 2. Metacognitive Deficit: You can't see how much you still need to learn since you don't know enough. 3. Feedback Loop: Overconfidence can last in the absence of candid criticism or profound understanding, which reduces your motivation to pursue change. This effect acts as a reminder to maintain your humility, never stop learning, and constantly seek out feedback in order to accurately assess your skills.

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