Statistics Explain Why Less-Competent People Tend to Overestimate Themselves
Why do people sometimes overestimate their knowledge—more often than not, those who are not well-versed in the subject at hand? Twenty years ago, two researchers studied this phenomenon and tried to explain it from a psychological point of view. This phenomenon is now known as the Dunning-Kruger effect after the names of the researchers. According to a report presented at a seminar of the HSE Department of Applied Economics, this effect has a purely statistical explanation.
Boosting National Economy: The Role of Government
On February 10, Dr. Choong-Yong Ahn, Distinguished Professor of Economics of the Graduate School of International Studies (Chung-Ang University, Seoul) will take part in an online meeting of the Economic Policy Discussion Club organized by HSE University. He will talk about Korea’s economic development and the country’s astonishingly rapid and effective industrialization. Dr Ahn has spoken with HSE News Service about factors that have contributed to Korea’s success and the role of government in steering the Korean economy.