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Overconfident people can fool others into thinking they are smarter

As the old saying goes – it seems nice guys really do finish last, Daily Mail reports.A new study has shown that overconfident people are more likely to land the best jobs in life as they can fool others into believing they are more talented than they really are.
Experts behind the research also claim that successful people who have an inflated view of their own abilities could partially explain disasters such as the banking collapse in 2008.  This is because these people are more likely to overestimate other people’s talents and therefore take greater risks, according to academics from Newcastle and Exeter universities.  The study, published in the journal PLOS ONE, also reported that those who underestimate their own skills are seen as less able than they actually are by colleagues.
In the study, 72 students were asked to rate their own ability and the ability of their peers after the first day of their course.
Of those, 32 students were under confident in their ability as compared to their final mark, 29 students were overconfident and 11 were accurate in their assessments of their own ability.
There was a positive correlation between the grades students predicted for themselves and the grades others predicted for them. In other words, students who predicted higher grades for themselves were predicted to have higher grades by others, irrespective of their actual final score.
The same applied to those who were under confident.
The task was repeated after six weeks of the course when the students knew each other better and the findings remained the same. Those who were overconfident were still over-rated by others. Study author Dr Vivek Nityananda, research associate at Newcastle University’s Institute of Neuroscience, said, “These findings suggest that people don’t always reward the most accomplished individual but rather the most self-deceived. We think this supports an evolutionary theory of self-deception. It can be beneficial to have others believe you are better than you are and the best way to do this is to deceive yourself – which might be what we have evolved to do.” 

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Aaj Kal