Why People Are So Confident When They're Wrong

The problem with overconfidence. To help correct your overconfidence we have a tabletop game launching. Pledge your support now on kickstarter! - https://ve42.co/ocdsc If you’re looking for a molecular modelling kit, try Snatoms, a kit I invented where the atoms snap together magnetically - https://ve42.co/SnatomsV Sign up to the Veritasium newsletter for weekly science updates - https://ve42.co/Newsletter ▀▀▀ CHAPTERS: 0:00 The Most Dangerous Cognitive Bias 3:01 How confident are you that you are right? 7:40 Why are people overconfident? 8:53 The Real Dunning-Kruger Effect Graph 10:22 How Your Brain Takes Shortcuts 14:02 How overconfidence is good for you 15:55 Nick Leeson Rogue Trader 17:17 The Importance of Feedback 18:45 How One of England's Oldest Banks Collapsed 20:41 How To Correct Overconfidence ▀▀▀ A big thanks to Professor Moore and Professor Fischhoff Thank you to everyone who played the game with us @hankschannel, @fryrsquared, @NileRed , @astrumspace, @MinutePhysics and @LookingGlassUniverse ▀▀▀ References: https://ve42.co/OverconfidenceRefs ▀▀▀ Special thanks to our Patreon supporters: Adam Foreman, Albert Wenger, Alex Porter, Alexander Tamas, Anton Ragin, armedtoe, Bertrand Serlet, Blake Byers, Bruce, Dave Kircher, David Johnston, David Tseng, Evgeny Skvortsov, Garrett Mueller, Gnare, gpoly, Hayden Christensen, Ibby Hadeed, Jeromy Johnson, Jon Jamison, Juan Benet, KeyWestr, Kyi, Lee Redden, Marinus Kuivenhoven, Matthias Wrobel, Meekay, meg noah, Michael Bush, Michael Krugman, Orlando Bassotto, Paul Peijzel, Richard Sundvall, Robert Oliveira, Sam Lutfi, Tj Steyn, Ubiquity Ventures & wolfee ▀▀▀ Writers: Gabe Strong & Derek Muller Producer & Director: Gabe Strong Editor: Max Tobin Additional Editors: James Stuart, Peter Nelson and Jack Saxon Camera Operator: Casper Mebius and Gabe Strong Animators: Alex Drakoulis & Fabio Albertelli Illustrator: Jakub Misiek Researchers: Naomi Dinmore Additional researchers: Callum Cuttle Thumbnail Designers: Abdallah Rabah, Ren Hurley & Ben Powell Production Team: Josh Pitt, Matthew Cavanagh & Anna Milkovic Executive Producers: Derek Muller & Zoe Heron Additional video/photos supplied by Getty Images, Storyblocks Music from Epidemic Sound