Final answer:
Epistemic humility involves acknowledging our cognitive limitations and the Dunning-Kruger effect illustrates how individuals with limited knowledge in a certain area tend to overestimate their skills, while experts may underestimate theirs.
Step-by-step explanation:
Epistemic humility is the recognition of the limitations of our knowledge and an acknowledgment of our potential cognitive biases. It involves being mindful of the fallibility of our understanding and being open to new information and perspectives. The Dunning-Kruger effect is a cognitive bias wherein individuals with low ability at a task overestimate their ability. This overconfidence is contrasted with experts, who tend to be more accurate in assessing their competencies but may mistakenly think others have a similar understanding.
The relationship between epistemic humility and the Dunning-Kruger effect is significant: those who practice epistemic humility are less likely to fall prey to overestimating their knowledge and skills, a hallmark of the Dunning-Kruger effect. By embracing epistemic humility, individuals become better learners and thinkers, more accurately assess their own abilities, and are less likely to misjudge their competency levels.
The correct option that aligns with these concepts is (a) Epistemic humility is acknowledging one's limitations; Dunning-Kruger is overestimating one's abilities. Embracing epistemic humility helps mitigate the Dunning-Kruger effect by promoting an accurate self-assessment of one's knowledge and abilities.