An interesting model that explains this is the Dunning-Kruger effect. Some of you may be familiar with it.
As someone pursuing a bachelor’s degree in science, I often see that many physicists, mathematicians, and researchers in general are so attached to their ideas that they associate them with their identity, so that any attack on their ideas is an attack on them.
There is indeed an ego component necessary for the dissemination of one’s ideas, but when it comes to admitting a mistake, most people, often the most successful ones, refuse to accept that they were wrong.
Perhaps because they think it will cast doubt on their achievements? Who knows.
The book “The Demon-Haunted World” explores this idea of the failure to admit mistakes, especially on the part of those from whom we expected them to do so.
Sorry for not focusing on economics, but I don’t consume that much information about it. Hehe
An interesting model that explains this is the Dunning-Kruger effect. Some of you may be familiar with it.
As someone pursuing a bachelor’s degree in science, I often see that many physicists, mathematicians, and researchers in general are so attached to their ideas that they associate them with their identity, so that any attack on their ideas is an attack on them.
There is indeed an ego component necessary for the dissemination of one’s ideas, but when it comes to admitting a mistake, most people, often the most successful ones, refuse to accept that they were wrong.
Perhaps because they think it will cast doubt on their achievements? Who knows.
The book “The Demon-Haunted World” explores this idea of the failure to admit mistakes, especially on the part of those from whom we expected them to do so.
Sorry for not focusing on economics, but I don’t consume that much information about it. Hehe