Our tendency to attribute success to skill leads to overconfidence from "summary" of Fooled by Randomness by Nassim Nicholas Taleb
When we achieve success, we tend to attribute it to our own skills and abilities. This tendency can lead to overconfidence, as we may believe that our success is a result of our superior talent or intelligence. We may overlook the role that luck or randomness played in our success, leading us to overestimate our own abilities.
This overconfidence can have negative consequences, as it can lead us to take greater risks or make unwise decisions. If we believe that our success is solely due to our own skill, we may be more likely to engage in behavio...
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