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Definition of overconfidence

Excessive confidence; too great reliance or trust.

overly sure of oneself

Confident to excess.

Overconfident Quotations

Well, I think we tried very hard not to be overconfident,


because when you get overconfident, that's when something
snaps up and bites you.
Read more at http://www.brainyquote.com/words/ov/overconfident197773.html#MZwmxM07orEb4yKJ.99

We're generally overconfident in our opinions and our


impressions and judgments.
Daniel Kahneman

I am not overconfident.
excessively or unreasonably confident: mistakes made through being overconfident

Three Main Types of Overconfidence

Moore and Healy [2] identify three broad types of overconfidence: overestimation,
overplacement, and over precision.
[edit]Overestimation
Overestimating one's ability, knowledge, or performance. For instance, a person
could overestimate their ability to complete a puzzle within a time limit.
Interestingly, subjects tend to overestimate their skill on difficult tasks and
underestimate it on hard tasks[3].
[edit]Overplacement
Overplacement, or the better-than-average effect, is the belief that one is better
than others. If a person believes that they can solve the puzzle faster than 90% of
their peers, they are demonstrating overplacement. When asked about positive
abilities, such as driving ability, in relation to one's peers, 90% of participants
believed themselves to be in the top half.[4]
[edit]Overprecision

Overconfidence when estimating future uncertainty. This is usually related to


forecasts (of, say, stock prices).
[edit]Additional Types

[edit]Miscalibration
Fellner and Krgel define miscalibration in order to challenge its importance to
overconfidence[5]. Miscalibration, or misperceiving the reliability of signals and
results in overweighting private information[5], is a conflict between observed
information and private information--knowledge one already possesses or
information only one is privy to.
[edit]Optimistic Overconfidence
'Optimistic overconfidence' deals specifically with the intersection between high
levels of confidence and unrealistic optimism.[1] Kahneman and Tversky discuss
how the two feed off of each other, potentially leading to irrational escalation.

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