Confidence Calibration
Confidence calibration refers to the process of aligning an individual's confidence in their judgments or predictions with the actual accuracy of those judgments. It helps people understand when they can trust their instincts and when they should be more cautious. For example, if someone consistently feels very confident about their answers but is often wrong, their confidence is poorly calibrated.
This concept is important in various fields, including psychology, education, and decision-making. By improving confidence calibration, individuals can make better choices, enhance learning outcomes, and reduce errors in critical situations, such as in medical diagnoses or financial forecasting.