“It is wise to take admissions of uncertainty seriously,” Daniel Kahneman noted, “but declarations of high confidence mainly tell you that an individual has constructed a coherent story in his mind, not necessarily that the story is true.”
Superforcasting, p. 85
I'm not sure what this is saying. Should we assume people are overconfident? Always, or only when they claim high confidence? Should we just ignore people's confidence claims entirely?
Another month, another rationality quotes thread. The rules are: