Wednesday, 3 January 2018

Why are Women Less Confident than Men? Part 3


I had a new customer the other day who was a man and he was convinced I knew of him because he thought everybody in the area knew him. What an interesting thought. Would a woman think likewise? He was very confident that he was very well known and as it turned out he was a very affable fellow. Even though I hadn't heard of him didn't perturb him at all. It was just one of those things.

"Men go into everything just assuming that they’re awesome and thinking, Who wouldn’t want me?”

Do men doubt themselves sometimes?

Of course. But not with such exacting and repetitive zeal, and they don’t let their doubts stop them as often as women do. If anything, men tilt toward overconfidence—and we were surprised to learn that they come by that state quite naturally. They aren’t consciously trying to fool anyone. Ernesto Reuben, a professor at Columbia Business School, has come up with a term for this phenomenon: honest overconfidence. In a study he published in 2011, men consistently rated their performance on a set of math problems to be about 30 percent better than it was.

We were curious to find out whether male managers were aware of a confidence gap between male and female employees. And indeed, when we raised the notion with a number of male executives who supervised women, they expressed enormous frustration. They said they believed that a lack of confidence was fundamentally holding back women at their companies, but they had shied away from saying anything, because they were terrified of sounding sexist. One male senior partner at a law firm told us the story of a young female associate who was excellent in every respect, except that she didn’t speak up in client meetings. His takeaway was that she wasn’t confident enough to handle the client’s account. But he didn’t know how to raise the issue without causing offense. He eventually concluded that confidence should be a formal part of the performance-review process, because it is such an important aspect of doing business.



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