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News
August 11, 2026
‘The Peak of Stupidity and ‘The Valley of Despair: HSE Economists Propose an Explanation for the Dunning–Kruger Effect
The Dunning–Kruger effect, which describes a sharp surge in self-confidence among beginners followed by an equally rapid decline as they gain experience, can be explained by the nature of the learning process and the acquisition of new knowledge. This conclusion was reached by Andrey Vorchik of the HSE Faculty of Economic Sciences together with independent researcher Murat Mamyshev. They developed a mathematical model of learning and demonstrated how subjective confidence is formed and changes as knowledge accumulates, as well as how teachers can reduce the ‘valley of despair’ experienced by learners.
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Andrey Vorchik studies happiness, delivers popular science lectures, and believes that science should address social issues as well. In an interview for the Young Scientists of HSE University project, he spoke about how emotions influence decision-making, the Bermuda Triangle formed by the bathroom, refrigerator, and bed, and the ideal formula for education.
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Physicist Nina Dzhanayeva, recipient of a Vladimir Potanin Foundation scholarship, focuses her research on nanophotonics. In this interview for the HSE Young Scientists project, she discusses nanowells, scientific intuition, and how physics can help in making frangipane cream puffs.

 

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Sensory processing sensitivity and entrepreneurial intention: The strength of a weak trait

Journal of Business Venturing Insights. 2019. Vol. 12. P. e00132-1–e00132-7.
Harms R., Hatak I., Chang M.

Research on entrepreneurial personality traits has done a commendable job in developing theory and providing evidence for the consistent effects of the entrepreneurial trait profile (ETP) on various entrepreneurial outcomes. While research has established the fit between the extravert, conscientious and open traits and entrepreneurial intention (EI), the view that entrepreneurship may provide an alternative career path for people outside the norm has attracted increasing interest. In this study, we explore a counterweight to the dominant ‘superhero’ personality perspective by arguing that, in entrepreneurship, highly sensitive persons (HSPs) can attend to their own needs and skills, and turn their weaknesses into strengths. Sensory processing sensitivity (SPS) – a fundamental meta-personality trait – may provide the crucial piece in the personality puzzle related to opportunity recognition ability (ORA) and the intention to act entrepreneurially. We adopt a person-environment fit approach and employ fuzzy-set qualitative comparative analysis (fsQCA). We find that combinations of either SPS or ETP and ORA are sufficient conditions for EI. This study contributes to the literature on entrepreneurial traits by inviting reconsideration of the stereotypical view of extrovert and open entrepreneurs and acknowledging the strength of a ‘weak’ trait.

Priority areas: economics
Language: English
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Keywords: personality traitsEntrepreneurial intentionSensory processing sensitivityEntrepreneurial trait profileOpportunity recognition ability
Publication based on the results of:
Tools for enhancing the efficiency of science, technology, and innovation foresight studies (2019)
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