It is the reason why most people quickly get shut out of cognitional lending.  

Thank you for placing this realization on my cognitive radar!

The psychological phenomenon is formally called "illusory superiority" and is a form of cognitive bias.

(e.g. arbitrage, exploiting certain types of cognitive errors such as the systematic mispricing of options, etc.)

Like if she has dementia or other cognitive impairment.

I am a robotics scientist having worked with NASA, IHMC (Institute For Human And Machine Cognition), and IIT (Istituto Italiano di Tecnologia  [The Italian Institute Of Technology])Developing the most advanced sci-fi robotic humanoids and exoskeletons the world has ever seen.And he calls me "Dumb", damnit!

Since real estate involves so much to understand, cognitive skills are essential.

However, if his diminished capacity affects his cognition, for which you are not qualified to determine, Rather than some administrative person or social worker, the person in charge of an adult with diminished capacity is called a conservator in most jurisdictions.

Well Greg and J.S. obviously are suffering from cognitive bias, appears Greg also suffers from the effects of his legal education at Internet University. 

I'll be graduating this December with Psychology B.A. and Cognitive Science minor.Real estate has been an increasingly itchy bug I've discovered in the back of my mind ever since going to college.