Posts in Economics
Words Worth Noting - May 6, 2025

“People tend to hold overly favourable views of their abilities in many social and intellectual domains. The authors suggest that this overestimation occurs, in part, because people who are unskilled in these domains suffer a dual burden: Not only do these people reach erroneous conclusions and make unfortunate choices, but their incompetence robs them of the metacognitive ability to realize it. Across four studies, the authors found that participants scoring in the bottom quartile on tests of humor, grammar, and logic grossly overestimated their test performance and ability…”

Start of summary of the seminal paper by Justin Kruger and David Dunning, “Unskilled and Unaware of It: How Difficulties in Recognizing One’s Own Incompetence Lead to Inflated Self-Assessments” in Journal of Personality and Social Psychology 1999 Vol. 7 # 6

For a platform you can stand on

In my latest Epoch Times column I suggest we could make party platforms less preposterous and ephemeral by insisting that the politicians explain to us what practical obstacles they see to implementing their focus-grouped visions.

If this election is so critical...

In my latest Loonie Politics column I argue that while all the other major parties are manifestly unfit to govern for one reason or another, or several, the Conservatives’ chronic lack of the courage of their convictions is not a tactically brilliant meeting of the moment but a potentially fatal ducking of it.

Earning trust instead of demanding it

In my latest Epoch Times column I say instead of worrying about polls asking whether we think the decline in trust might mysteriously reverse itself, we should concentrate on reversing it by making sure we’re trustworthy. I know it sounds weird but it just might work.