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Overconfident People Likely to be Overrated

Overconfident People Likely to be Overrated

A new study from the UK finds that overconfident people can fool others into believing they are more talented than they actually are.

Researchers discovered these self-deceived individuals are more likely to get promotions and reach influential positions in banks and other organizations.

However, the rank can be detrimental or even disastrous as over confident people are more likely to overestimate other people’s abilities and take greater risks thereby increasing the risk of potential problems.

The study by researchers from Newcastle University and the University of Exeter, has also found that those who are under confident in their own abilities are viewed as less able by their colleagues.

The findings, which are published in the journal PLOS ONE, are the first time a link has been found between a person’s view of their own ability and how others see their abilities, and could partially explain financial collapses and other disasters.

As part of the research the team asked 72 students to rate their own ability and the ability of their peers after the first day of their course.

Of those, 32 students (about 45 percent) were under confident in their ability as compared to their final mark, 29 students (40 percent) were overconfident, and 11 students (15 percent) were accurate in their assessments of their own ability.

There was a positive correlation between the grades students predicted for themselves and the grades others predicted for them.

In other words, students who predicted higher grades for themselves were predicted to have higher grades by others, irrespective of their actual final score.

The same applied to those who were under confident.

The task was repeated after six weeks of the course when the students knew each other better and the findings remained the same.

Those who were over confident were over rated by others.

Study author Vivek Nityananda, Ph.D.,┬ásaid, “These findings suggest that people don’t always reward the most accomplished individual but rather the most self-deceived.

“We think this supports an evolutionary theory of self-deception. It can be beneficial to have others believe you are better than you are and the best way to do this is to deceive yourself — which might be what we have evolved to do.

“This can cause problems as over confident people may also be more likely to take risks.

“So if too many people overrate themselves and deceive others about their abilities within organizations then this could lead to disastrous consequences such as airplane crashes or financial collapses.”

Joint lead author Dr. Shakti Lamba of the University of Exeter added, “If overconfident people are more likely to be risk prone then by promoting them we may be creating institutions, such as banks and armies, that are more vulnerable to risk.”

Source: University of Exeter

 
Overconfident business man photo by shutterstock.

Overconfident People Likely to be Overrated

Rick Nauert PhD

Rick Nauert, PhDDr. Rick Nauert has over 25 years experience in clinical, administrative and academic healthcare. He is currently an associate professor for Rocky Mountain University of Health Professionals doctoral program in health promotion and wellness. Dr. Nauert began his career as a clinical physical therapist and served as a regional manager for a publicly traded multidisciplinary rehabilitation agency for 12 years. He has masters degrees in health-fitness management and healthcare administration and a doctoral degree from The University of Texas at Austin focused on health care informatics, health administration, health education and health policy. His research efforts included the area of telehealth with a specialty in disease management.

APA Reference
Nauert PhD, R. (2015). Overconfident People Likely to be Overrated. Psych Central. Retrieved on May 21, 2018, from https://psychcentral.com/news/2014/08/28/overconfident-people-likely-to-be-overrated/74214.html

 

Scientifically Reviewed
Last updated: 6 Oct 2015
Last reviewed: By John M. Grohol, Psy.D. on 6 Oct 2015
Published on PsychCentral.com. All rights reserved.