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Overconfidence

To make good decisions, you need to have a clear assessment of what you know and what you do not know. In other words, distinguish between knowing and the belief that you know. When you recognize the limitations of your knowledge, you can research the areas of a decision that are unfamiliar.

When you fail to realize or accept that there is information you do not know, you tend to make decisions based on assumptions rather than facts. This approach can cause numerous problems, especially when you do not have any experience with the current issue.


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