Browse & Filter Biases

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Need To Act Fast

To act, we must be confident we can make an impact and feel what we do is important

Lake Wobegone effect

Description

A natural human tendency to overestimate one's capabilities; a specific form of illusory superiority.

Lake Wobegone effect in business decision

In performance self-appraisals, a majority of employees might rate themselves as "above average," which is statistically improbable.

Lake Wobegone effect in personal life decision

You rate yourself as above average in intelligence and kindness compared to your peers.