Applies to markets as well. Excuberance & high investment at early stage, can lead to arrogance/lack of self awareness, irresponsible growth and an overestimation of knowledge/abilities which often leads to lip service to & tarnished customer experience. Many market examples.
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Brilliant observation of how the DK effect plays out in the world, Shail.
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Overestimate their strengths and underestimate their weaknesses. ...
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If the system reinforces this with a “managers are always right” culture it can be disastrous. HR plays a crucial leadership role here.
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Or at least they should.
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Tweet je nedostupan.
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I know I have mine!
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The idea is simple but counterintuitive: In learning any new domain, our confidence is actually highest when we start. This is surprising because, rationally, we should have the lowest confidence when we know the least.
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Naive optimism. It’s like with children.
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Čini se da učitavanje traje već neko vrijeme.
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