This is a fancy, somewhat scientific way of describing the ever-ongoing process of realizing you've been stupid. Everybody does it. Everybody, at least most of the time, deals with it.

Except, of course, for the guys standing in the corner mumbling, "Got to adjust my worldview and get rid of this cognitive dissonance that's been bothering me..." Unfortunately, the guy who doesn't know the big words is the guy who has to admit, "Damn, dude. That was stupid of me." Does this latter, more emotionally potent and direct method of defining our difficulties give the Second Guy a better chance at reform? Time will tell....duh duh duuuuun...