Now I understand why so many among the woke elite pretend to have impostor syndrome. It's to virtue signal which side of the Dunning-Kruger partition they're on.
I don't believe that the Dunning-Kruger effect is very significant these days because our modern society is full of:
1. Extremely talented, hard working people who have achieved nothing because they never got very lucky.
2. Lazy idiots who have achieved a lot because they got extremely lucky.
In contradiction with the Dunning-Kruger effect, people in group #1 are less likely to feel impostor syndrome because they're been working hard for a long time and they've made an impression and received excellent, honest feedback wherever they've worked over many years and delivered excellent results by all accounts. Their past employers are praising them, ex-colleagues want to work with them, etc... this gives them confidence in their ability in spite of a lack of financial success. In our modern age, skill does not guarantee financial success because skill has limited utility value in our dysfunctional economy built on unsound money printing and asymmetric playing fields... Everyone wants to work with a genius, but genius has limited financial value. Reckless foolishness can often yield higher returns if the game is played enough times.
Also in contradiction with the Dunning-Kruger effect, people in group #2 are bound to feel like impostors because they are impostors. All their confidence is derived from their financial success. They've never delivered any lasting, meaningful results which can be attributed to their work... and they've never received any praise from any intelligent person until they became rich (then suddenly, the smart bastards all line up to give praise)... The incentives in this case aren't conducive to honest feedback. All the ingredients to feeling like an impostor are there and even with their limited intellect and underdeveloped primal ego; deep down, they can sense that something is not quite right.
I don't believe that the Dunning-Kruger effect is very significant these days because our modern society is full of:
1. Extremely talented, hard working people who have achieved nothing because they never got very lucky.
2. Lazy idiots who have achieved a lot because they got extremely lucky.
In contradiction with the Dunning-Kruger effect, people in group #1 are less likely to feel impostor syndrome because they're been working hard for a long time and they've made an impression and received excellent, honest feedback wherever they've worked over many years and delivered excellent results by all accounts. Their past employers are praising them, ex-colleagues want to work with them, etc... this gives them confidence in their ability in spite of a lack of financial success. In our modern age, skill does not guarantee financial success because skill has limited utility value in our dysfunctional economy built on unsound money printing and asymmetric playing fields... Everyone wants to work with a genius, but genius has limited financial value. Reckless foolishness can often yield higher returns if the game is played enough times.
Also in contradiction with the Dunning-Kruger effect, people in group #2 are bound to feel like impostors because they are impostors. All their confidence is derived from their financial success. They've never delivered any lasting, meaningful results which can be attributed to their work... and they've never received any praise from any intelligent person until they became rich (then suddenly, the smart bastards all line up to give praise)... The incentives in this case aren't conducive to honest feedback. All the ingredients to feeling like an impostor are there and even with their limited intellect and underdeveloped primal ego; deep down, they can sense that something is not quite right.