December 10, 2012

Fiscal Cliff / Dunning�Kruger effect

Seeing a lot of both these days. Fiscal cliff is seriously under-reported. In the next 30 years, there will be about 70 Trillion dollars of unfunded liabilities coming home to roost -- these are Federal and Union pensions and healthcare. All unfunded... Dunning�Kruger effect? From the Wikipedia entry:
Dunning�Kruger effect
The Dunning�Kruger effect is a cognitive bias in which unskilled individuals suffer from illusory superiority, mistakenly rating their ability much higher than average. This bias is attributed to a metacognitive inability of the unskilled to recognize their mistakes.
All of the Fiscal Cliff meetings are being held in private. Where is CSPAN when we need them? Posted by DaveH at December 10, 2012 9:45 PM
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