I have this belief that humility is a part of good critical thinking, and that egoism undermines it. I imagine arrogance as a kind of mind-death. But I have no evidence, and no good mechanism by which it might be true. In fact, I know the belief is suspect because I know that I want it to be true — I want to be able to assure myself that this or that intolerable academic will be magically punished with a decreased capacity to do good work. The truth could be the opposite: maybe hubris breeds confidence, and confidence results? After all, some of the most important thinkers in history were insufferable.
Is any link, positive or negative, between arrogance and reasoning too tenuous to be worth entertaining? Is humility a pretty word or a valuable habit? I don't know what I think yet. Do you?
I don't buy arguments of the form "it must be good otherwise we wouldn't do it," but that's just a quibble. I'd buy a signaling argument and you're right that I'm not clear on my terms. This is a stab, but the way I think I'm using arrogance is as using your high abilities to justify a inflated sense of self worth. OK, applying that back to the question, I don't see how an inflated sense of self-worth could make you a worse critical thinker. Maybe? I have to think about it more.
People usually think that someone else is being arrogant in an annoying way when it feels like he isn't listening to what they think and their reasons. And usually people feel that way when, in fact, the person is not doing much listening, probably because he thinks he has nothing to learn from the conversation. That could make you a worse critical thinker because there is almost always something to learn.