An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
"the Dunning-Kruger effect: those who don’t realize that they are ignorant."We have a S-load of these people...
D-K is a major cognitive bias. It's s subset of egocentrism.
10 years ago compared to today, the people considered rational and informed in economics by the majority would be very different. Maybe it is better to consider whether ideas are rational and informed rather than people.
"the Dunning-Kruger effect: those who don’t realize that they are ignorant."
ReplyDeleteWe have a S-load of these people...
D-K is a major cognitive bias. It's s subset of egocentrism.
ReplyDelete10 years ago compared to today, the people considered rational and informed in economics by the majority would be very different.
ReplyDeleteMaybe it is better to consider whether ideas are rational and informed rather than people.