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Industrial Strategy 2022

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Question:

What is the Dunning-Kruger Effect

Author: Hjalmer Pedersen



Answer:

The Dunning–Kruger effect is a cognitive bias[2] whereby people with low ability, expertise, or experience regarding a certain type of a task or area of knowledge tend to overestimate their ability or knowledge. Some researchers also include in their definition the opposite effect for high performers: their tendency to underestimate their skills.


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