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.
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HSE University Rated Highly by International Students
The majority of foreign students at HSE University feel at home, are happy with their study experience and would apply here again if given the choice. They would also recommend HSEUniversity to others. These are the results of a survey of international students published in the latest edition of the That's So HSE newsletter.
University Quality, Academic Performance, and Work Experience Are Important Signals in the Labour Market
People with higher education enjoy higher salaries and are at considerably less risk of unemployment. The World Bank estimates that an extra year of university studies in Russia yields an 8% return on investment. The quality of a university, the specific field of study, and students’ individual strategies are all key factors in ensuring success in the labour market. These topics were discussed by Viktor Rudakov, Senior Research Fellow and Deputy Head of the International Laboratory for Institutional Analysis of Economic Reforms, Assistant Professor of the Faculty of Economic Sciences, HSE University, in an open lecture on ‘How and Where to Study to Become Successful in the Labour Market’.
HSE Experts Study How the Russian Labour Market is Adapting to the COVID-19 Crisis
Due to timely price and time adjustments on the Russian labour market, the need for worker layoffs was much less than it could have been under other conditions. This is the finding of a study conducted by the Centre for Labour Market Studies and the Office for Expert Analysis at HSE University. At the same time, the study also shows that more than half of Russians surveyed reported that their earnings have decreased significantly.