Today we talk about how too much confidence is a bad thing. Tiggy tells James about how a flight ended in death and destruction when two pilots make a BET on how to land the plane. That bet costed lives, and what happened to the pilots?https://www.scribbr.co.uk/bias-in-research/the-overconfidence-bias/https://corporatefinanceinstitute.com/resources/career-map/sell-side/capital-markets/overconfidence-bias/#:~:text=Overconfidence%20bias%20is%20a%20tendency,behavioral%20finance%20and%20capital%20markets.https://www.sciencedirect.com/science/article/pii/S0970389615000944?via%3Dihubhttps://scholarship.law.columbia.edu/cgi/viewcontent.cgi?article=2681&context=faculty_scholarship#:~:text=For%20income%2Dgenerating%20crimes%2C%20the,offending%2C%20controlling%20for%20other%20risk.https://www.researchgate.net/publication/377781931_Managing_Overconfidence_Bias_in_Decision_Making_A_Review_of_the_Literaturehttps://podcasts.apple.com/gb/podcast/black-box-down/id1503540842?i=1000527474261https://asn.flightsafety.org/wikibase/326909https://en.m.wikipedia.org/wiki/Aeroflot_Flight_6502https://www.nytimes.com/2019/05/06/world/europe/russia-plane-crash.htmlhttps://www.unilad.com/community/russia-pilots-land-passenger-plane-blind-disaster-bet-792951-20231031
Today we talk about how too much confidence is a bad thing. Tiggy tells James about how a flight ended in death and destruction when two pilots make a BET on how to land the plane. That bet costed lives, and what happened to the pilots?https://www.scribbr.co.uk/bias-in-research/the-overconfidence-bias/https://corporatefinanceinstitute.com/resources/career-map/sell-side/capital-markets/overconfidence-bias/#:~:text=Overconfidence%20bias%20is%20a%20tendency,behavioral%20finance%20and%20capital%20ma...