>Also the effect isn't that people misjudge their knowledge, it's that they misjudge their place within a distribution. Put differently, isn’t this saying it’s

>Also the effect isn't that people misjudge their knowledge, it's that they misjudge their place within a distribution. Put differently, isn’t this saying it’s a misattribution of confidence? In the context of the original claim about investing, that seems very relevant.