![]() ![]() Minimizing the Dunning-Kruger Effect can be achieved through education, training, accepting criticism and feedback, and taking in objective evaluations of knowledge or ability. ![]() ![]() It can affect many life aspects, including investing decisions. First described in a 1999 research paper, the Dunning-Kruger Effect has been replicated many times.At the same time, those individuals with actual skill or knowledge tend to underestimate their abilities in a phenomenon called imposter syndrome.Those who score the worst on actual performance or knowledge are often the same ones who rate themselves most highly and confident in their (incorrect) claims.The Dunning-Kruger Effect is a psychological phenomenon in which people with low levels of skill or knowledge greatly overestimate their perceived skills of knowledge. ![]()
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