Overconfidence is a common phenomenon and it manifests itself by leading people to believe that they are more skilled, physically talented, or socially capable than they actually are. The effects of overconfidence, however, can have negative ramifications for job performance and decision-making. What causes overconfidence and who has it? Professor Cameron Anderson with the University of California Berkeley’s Haas School of Business explains that his studies have shown that overconfidence is often a method for maintaining social status. In his encounters, people who believed they were “better than” others actually attained a higher collective social status.Read the entire article here: Why Are People Overconfident So Often? It’s All About Social Status.