Confidence should be based on evidence from "summary" of Perfectly Confident by Don A. Moore
Confidence should be based on evidence. It’s a simple concept, really. When we have evidence to support our beliefs, we can be more confident in them. This is logical and rational. Think about it - if you have evidence that a certain stock is likely to perform well, you would feel more confident investing in it, right?But sometimes, we forget this basic principle. We let our emotions, biases, and heuristics cloud our judgment. We make decisions based on gut feelings or past experiences, without considering whether we have solid evidence to support our beliefs. This is where we run into trouble. When our confidence is not based on evidence, we are more likely to make mistakes. We are more prone to overconfidence, to taking unnecessary risks, and to ignoring warning signs. In short, we set ourselves up...
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