Chris Dillow 

Benefits of overconfidence

Chris Dillow

Chris Dillow
Benefits of overconfidence

Overconfidence costs us money. This is the message of new research by Su Hyun Shin of the University of Alabama and Andrew Hanks of Ohio State University. They studied thousands of Americans aged over 50 and found that those who were overconfident about their thinking and memory skills had significantly less net wealth than others, even controlling for obvious causes of such differences such as age, education, health and income. “Overconfidence has a negative impact on net worth,” says Dr Shin.

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