The illusion of knowledge is the idea that often we think we know or understand a topic better than we actually do. It's not simple overconfidence, which is sort of a general overestimation of our skills or abilities. The kind of illusion we have when we buy a complex financial instrument also happens in planning future projects.
In this episode of the You Are Not So Smart Podcast we discuss the illusion of knowledge with Christopher Chabris, co-author of "The Invisible Gorilla." After that, we eat a triple-ginger molasses cookie while discussing non-believed false memories.
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