June 10, 2009

Humans prefer cockiness to expertise

"EVER wondered why the pundits who failed to predict the current economic crisis are still being paid for their opinions? It's a consequence of the way human psychology works in a free market, according to a study of how people's self-confidence affects the way others respond to their advice."

10 June 2009 by Peter Aldhous

http://www.newscientist.com/article/mg20227115.500

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