Optimistic Bias

“People tend to be overconfident about their own abilities and the outcome of their plans.  Something like 90% of people think that they are above average drivers less likely to get into an accident than the average joe.  This is so pervasive that there is actually a scientific name for the few people who accurately assess their own future, their abilities, and what other people think of them:  clinically depressed.”

From this article about the current economic crisis.

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