“If people can construct a simple and coherent story, they will feel confident regardless of how well grounded it is in reality.”
Quote by Daniel Kahneman
Author
Daniel Kahneman
Daniel Kahneman is a renowned psychologist known for his work in behavioral economics and decision theory. Born on March 5, 1934, he is of Israeli descent and has worked and studied in Israel, the United States, and Canada. Kahneman's research has had a profound impact on modern economics, psychology, and business decision-making. more
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“In strategic decisions, I'd be really concerned about overconfidence.”
Source: Walter Bagehot: A Study of His Life and Thought, Together with a Selection from His Political Writings
“The amount of success it takes for leaders to become overconfident isn't terribly large.”