Optimism Bias is the tendency to believe that things will turn out better than they actually do, while the Dunning-Kruger Effect is the tendency for unskilled individuals to overestimate their abilities and the skilled to underestimate their abilities. Simply put, optimism bias is a positive outlook while the Dunning-Kruger effect is a lack of self-awareness.
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Optimism Bias is the tendency to believe that things will turn out better than they actually do, while the Dunning-Kruger Effect is the tendency for unskilled individuals to overestimate their abilities and the skilled to underestimate their abilities. Simply put, optimism bias is a positive outlook while the Dunning-Kruger effect is a lack of self-awareness.