Psycho/Economic Principles or Theories Flashcards
(4 cards)
Dunning-Kruger effect
Bad talent shows
Cognitive bias where:
unskilled suffer from illusion of superiority because they cannot recognize true talent.
Skilled ppl underestimate their ability because they think it is easy for everybody.
Curse of Knowledge
Dressmaker Price
Cognitive bias that makes it difficult for better informed parties to think about problems from the perspective of lesser known ones.
SMART Goals
Specific Measurable Actionable Relevant Time Bound
Fermi Solution
Decompose problem of unknown thing into estimates of known things.
Piano tuners story