The Kryptonite of Smart Decisions? Overconfidence

The Kryptonite of Smart Decisions? Overconfidence

Research shows that people in general are overconfident, but entrepreneurs appear to be particularly prone to cockiness.

About half of new companies fail within five years, according to the US Bureau of Labor Statistics. Despite the imposing failure rate for new businesses, entrepreneurs are often quite confident that their ventures are going to succeed. One survey of 3,000 entrepreneurs found…

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