How AI can advance the blockchain security segment

Pavlo Horbonos here again, the Hackless security advisor. In this article, we will talk about blockchain security in general and how exactly it can be boosted. When you think about blockchain…

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Unskilled and Unaware of It

I once had a friend who had never played a musical instrument in his life but was convinced that he had a natural talent for music. He decided to join a band as their lead guitarist and immediately set to work writing all the guitar parts for their songs. He spent hours practicing every day, convinced that he was making great progress.

However, when the band finally rehearsed together, it quickly became clear that my friend was not as skilled as he thought. He struggled to keep up with the other musicians and consistently played the wrong notes. Despite this, he refused to accept any criticism or feedback and insisted that he was doing a great job.

As a result, the band’s performances suffered and they were unable to book any gigs. My friend was baffled by their lack of success and shocked that he was encouraged to seek other opportunities. Why wasn’t his natural talent able to carry him and the band to success?!

My friend’s overconfidence led him to believe that he could excel at the guitar without putting in the necessary time and effort. By ignoring feedback from others and refusing to accept his limitations, he ultimately caused harm to the band’s success. This anecdote highlights something known as the Dunning-Kruger effect.

The Dunning-Kruger effect has been demonstrated in many different domains, from math and science to social skills and emotional intelligence. For example, a study conducted in 2018 found that people who scored low on a test of emotional intelligence were more likely to overestimate their emotional intelligence than those who scored high. Similarly, research has shown that people who are less skilled at a particular task, such as driving or playing a musical instrument, are more likely to rate their own ability as above average.

One of the most interesting aspects of the Dunning-Kruger effect is that people who are affected by it are often completely unaware of their own incompetence. In fact, Dunning and Kruger found that people who scored in the bottom quartile on a test of humor, grammar, or logic tended to rate their own performance as above average. This phenomenon has been referred to as “unskilled and unaware of it” and has been the subject of much widespread discussion and humor.

Versions of the figure below are commonly used to illustrate the stages of gaining competence in a domain and how it compares with confidence levels. The Peak of Mt. Stupid is reached shortly after watching your first YouTube tutorial or Ted Talk on a subject. You are enlightened and thrilled at how easily you understand the subject matter. As you start to apply these new concepts to real-world problems, you realize the depth and difficulty of the new subject and fall into the Valley of Despair. You hopefully choose to climb the Slope of Enlightenment as you discover the nuances of the theory and how to address special cases within the domain.

One modern example of the Dunning-Kruger effect can be found in the current political climate. Many people today are highly confident in their political opinions and beliefs, despite having little knowledge or understanding of the issues. This can be seen in the prevalence of conspiracy theories and fake news, which are often shared and believed by people who lack the critical thinking skills necessary to evaluate them objectively. In fact, research has shown that people who are more confident in their political beliefs are often less knowledgeable about politics than those who are less confident.

Another example of the Dunning-Kruger effect can be seen in the world of social media. Many people today believe that they are experts on a wide range of topics simply because they have access to a wealth of information online. However, this access to information does not necessarily translate into knowledge or expertise. In fact, studies have shown that people who spend more time on social media tend to have more inflated views of their own abilities and are more likely to exhibit the Dunning-Kruger effect.

Popular culture has also embraced the concept of the Dunning-Kruger effect, often using it as a source of humor. For example, the television show The Office featured Michael Scott, who was notorious for his lack of self-awareness and overconfidence. “The Dundies” episode in particular featured Michael hosting an awards ceremony for his employees and repeatedly making cringe-worthy jokes and comments that only he found funny. Michael Scott is a prime example of the Dunning-Kruger effect in action.

While it can be a source of humor, the Dunning-Kruger effect can also have serious consequences. When people are overconfident in their abilities, they may be more likely to take risks, make mistakes, and ignore feedback from others. This can lead to poor decision-making, decreased performance, and even harm to themselves or others.

So, how can we avoid falling victim to the Dunning-Kruger effect? The first step is to recognize that we all have limitations and areas where we can improve. We should approach new tasks and challenges with a humble attitude and a willingness to learn from others. Additionally, we should seek out feedback from others, even if it is critical or uncomfortable. By accepting feedback and being open to learning, we can improve our skills and knowledge and avoid the pitfalls of overconfidence.

The Dunning-Kruger effect is a powerful cognitive bias that affects our perception of our own abilities. It can be seen in many different domains and can have serious consequences if left unchecked. However, by recognizing our limitations, seeking feedback, and maintaining a humble attitude, we can avoid falling victim to this effect and continue to grow and improve in all areas of our lives. When it comes to the confidence you have in your competence, be less like Michael Scott and more like Socrates because you probably don’t know what you don’t know.

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