Psychologist: We asked 100 entrepreneurs and 100 business managers to answer various questions and rate how confident they were that their responses were correct. βββββ βββββββ ββ ββββ βββββ ββββ ββββββββββββββ ββ βββββββ βββ βββββββββββββ ββββ ββββ ββββ ββ ββββ βββ ββββββββ βββββββββ ββββ βββββββββ ββββ ββββββ βββ βββ ββββββββββ βββββββββββββ βββ ββββ ββββββ ββ βββββββ ββ βββββ β ββββββββ ββ βββββ ββ βββ ββββββββ ββββ βββββββ βββββββ ββββ ββββββ βββ βββ ββββ ββββββββββ
The psychologist concludes that people who are very overconfident are more likely to attempt to start businesses than people who arenβt as overconfident. This is because, according to a study, entrepreneurs are likely to be more overconfident than business managers are.
The psychologist assumes that overconfidence makes it more likely that someone becomes an entrepreneur, rather than that being an entrepreneur makes it more likely for someone to be overconfident. In other words, they could become overconfident after attempting to start a business, not before. The conclusion also assumes that the group of business managers stands in for "people who are less likely to attempt to start businesses", even though being a business manager doesn't necessarily stop someone from attempting to start their own business.
Analysis by ArdaschirArguelles
Which one of the following, ββ βββββ βββββ βββ ββββ βββββββ ββ βββ ββββββββββββββ βββββββββββ
The questions asked ββ βββ βββββββββββββ βββ ββββββββ ββββββββ ββββββββ βββββββββ ββββββββββ βββ ββββββββ ββββββββββ
At least some ββ βββ βββββββββββββ ββββββββ βββ ββββββββββ ββββββββββ ββββββ ββββββββββ ββ βββββ βββββ ββββββββββ ββββ βββ ββββ ββββ βββββββ βββββ ββββββββ βββββ βββββββββββ
Another survey showed ββββ ββββββ ββ ββββββββββ βββ ββββββ ββββββββββ ββββ βββββββ ββ βββββββββ
The business managers βββ ββββ ββββ βββββββββββββ ββββ βββββ ββ ββββ βββββββββ ββ βββββ ββββββββββ ββ βββ βββββ
How confident each ββββββ ββββββββ βββ ββββ βββ ββ βββ βββββββ ββ βββ βββββββββ βββββ ββββ βββββββ ββββββββββββ βββββββ ββ ββββ ββββββββ ββββββββββ ββ βββ ββ βββ ββββββββ βββββββ