Overconfidence

Overconfidence, though, can be hugely damaging. Daniel Kahneman has called it the most dangerous of all cognitive biases. The three worst decisions in the UK in the last 20 years – Blair’s war in Iraq, RBS’s takeover of ABM Amro and Cameron’s calling a Brexit referendum having created the conditions in which he might lose one – were all motivated in large part by overconfidence.

https://stumblingandmumbling.typepad.com/stumbling_and_mumbling/2019/03/matches-matter.html

Chris

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