Knowing Just Enough To Be Dangerous: How Overconfidence Subverts Rational Politics
“The fool doth think he is wise, but the wise man knows himself to be a fool.” -Shakespeare It happens every year. It’s the beginning round tryouts on the talent show American Idol, and a man confidently takes the stage, sparks in his eyes. He thinks he’s destined for greatness, this is his moment. The music starts, and with anticipation quaking, he smiles full of composure, and boldly unleashes — a cracked and cringe-worthy voice! Clearly, he can’t carry a tune if his life depended on it. The audience begins to boo, the singer’s face grows red as his bravado shakes, the judges prepare their cut-throat feedback, and you wonder, how could he have been so wrong about his ability? Stop wondering: you might be setting yourself up to be in his place. This overconfident lack of selfawareness isn’t unique to reality-show auditions. In general, we tend to motivate our reasoning so that the world appears well-aligned with our pre-existing story about how it should work.