… It makes perfect sense for us to select confident people as leaders as long as that confidence reflects competence. All of us want leaders who know what they’re doing. When people are asked why they follow those who are most confident, they routinely report that it is because they believe that they are most likely to help the group succeed.
The problem is that confidence is an unreliable signal of competence. In fact, my research shows that the correlation between confidence and competence is usually weak or nonexistent. CONT.
Don Moore, Haas School of Busines