the.com/overconfidence
the loan you take out against skills you haven't earned yet.
means an inflated belief in your own abilities or judgment, disproportionate to your actual competence or the odds.
from from latin confidere, to trust fully, but psychology gave it teeth in the 1970s when researchers found people consistently rate themselves above average at things where that is mathematically impossible.
driving skill90 percent of drivers rate themselves above average
dunning krugerthe least skilled are often the most sure
market crashestraders' overconfidence routinely inflates bubbles