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Re: rational expectations


Michael Perelman wrote:

>
> Holt, Jim. 2000. "Confidence Games: Why Your Self-Esteem Is Probably Too
> High." Lingua Franca, 10: 9 (April): p. 68.
>  "Overconfidence is nearly universal. In fact, a study some years ago
> found that the only group of people free from it -- the only group with a
> realistic view of their own capacities -- were the clinically
> depressed."

Hah!

Carrol
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