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Level 13
· ◆◆◆ · ~12 min
Overconfidence & Calibration
Overconfidence & Calibration
"We are far surer of ourselves than the facts warrant. In markets that surplus confidence has a price tag: too much trading, too little diversification."
overestimation, overplacement, overprecisioncalibrationthe planning fallacythe illusion of skill & validityovertrading
A short lesson, then a quiz. ❤️×3 — a wrong answer costs a heart; finish with at least one left and the level is yours. Lose all three and you'll have to try again. Replay any time — XP and cleared levels are never lost.