Psycho/Economic Principles or Theories

Question 1

Dunning-Kruger effect

Answer 1

Bad talent shows
Cognitive bias where:
unskilled suffer from illusion of superiority because they cannot recognize true talent.
Skilled ppl underestimate their ability because they think it is easy for everybody.

Question 2

Curse of Knowledge

Answer 2

Dressmaker Price
Cognitive bias that makes it difficult for better informed parties to think about problems from the perspective of lesser known ones.

Question 3

SMART Goals

Answer 3

Specific 
Measurable
Actionable
Relevant
Time Bound

Question 4

Fermi Solution

Answer 4

Decompose problem of unknown thing into estimates of known things.
Piano tuners story