This video discusses the downward spiral of people who suffer from the Dunning-Kruger effect. They tend to avoid researching and thinking about issues. Instead, they latch on to simplistic and often wrongheaded explanations and solutions. Moreover, they usually find others who have followed the same path and trust questionable authorities over mainstream authorities. In the end, they cannot catch and understand their own “thinking” failures. This is an example of a downward confidence spiral. Ironically, those caught in these spirals tend to pretend to be the most confident.
The following video was added to the top of the @HistoryIn1865 playlist. It is about those being trapped in the cryptocurrency confidence spiral.
This is the direct web address of the playlist on YouTube: https://youtube.com/playlist?list=PL7bGIonl3S2eEqkZb6-xB4oB2zXrd1_k6&si=yK76orG6ZLqq8SJ3