Thank you for an interesting article. It helped clarify some things I’ve been thinking about. The question I’m left with is: how practically can someone encourage a culture to be less rewarding of overconfidence?
I guess I’m feeling this particularly strongly because in the last. year I started a new job in a company much more tolerant of overconfidence than my previous employer. I’ve recalibrated my communications with colleagues to the level that is normal for my new employer, but it makes me uncomfortable (my job is to make investment recommendations, and I feel like I’m not adequately communicating risks to my colleagues, because if I do no-one will take up my recommendations, they’ll buy riskier things which are pitched with greater confidence by other analysts). Other than making sure I’m the least-bad offender consistent with actually being listened to, is there something I can do to shift the culture?
And please, no recommendations on the lines of ‘find another job’, that’s not practical right now.
Thank you for an interesting article. It helped clarify some things I’ve been thinking about. The question I’m left with is: how practically can someone encourage a culture to be less rewarding of overconfidence?
I guess I’m feeling this particularly strongly because in the last. year I started a new job in a company much more tolerant of overconfidence than my previous employer. I’ve recalibrated my communications with colleagues to the level that is normal for my new employer, but it makes me uncomfortable (my job is to make investment recommendations, and I feel like I’m not adequately communicating risks to my colleagues, because if I do no-one will take up my recommendations, they’ll buy riskier things which are pitched with greater confidence by other analysts). Other than making sure I’m the least-bad offender consistent with actually being listened to, is there something I can do to shift the culture?
And please, no recommendations on the lines of ‘find another job’, that’s not practical right now.