Experts making medical diagnoses based on MRI scans who report 90% confidence are correct only about 65% of the time on average, while AI makes far fewer mistakes in the same task, demonstrating that overconfidence is systematic.

factualpending

Speaker

Larry Swedroe

Evidence Quote

“when they were 90% confident they were right they were on on average maybe 65% AI does a much better job than the experts”

Source

Investors Made These 9 Costly Mistakes in 2024 | Larry Swedroe Explains How to Fix Them— Excess Returns
Created: 8/11/2026, 7:39:47 AM

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