I never really considered Hacker News to be full of overconfident people. If anything, to me being part of HN is a humbling experience. It reminds me that there are so many people out there that are smarter or more experienced than me, and I've seen other people say similar things.
I think one contributing factor is the structure of the questions. If you ask me if I KNOW at least one definition for the word mawkish for example, I'll choose no I don't know a definition of it. I do however have a good enough feel for the word, that I can almost guarantee I can get a SAT style analogy with it correct, or if you gave me a multiple choice selection of definitions I can probably pick out the right one. I don't consider either of those skills equivalent to actually knowing a definition of a word.
During a discussion of 'whether open source contributions were being overly important to job seekers' a while back, a surprising number of HN commenters automatically put themselves in the role of employer, peering dubiously over their glasses at me. Many of these commenters were hilariously under-qualified to be taking on that kind of role with respect to anyone.
I don't think SAT verbal is nearly as intensely focused on obscure vocab. I didn't do it, but did do a GRE verbal back in 1994 to get into grad school. For what it's worth, my score on this and my GRE verbal were quite consistent.
You inferred this based on user profiles?
Heh.
anyway, what i'm saying is that i suspect sat verbal is testing something quite different - isn't it much more aimed at ability to use the language rather than whether you can recognise obscure words?
[what surprised me the most was how graded it was - on both tests there was a pretty clear cut-off point where the words became unknown. i didn't expect it to be that ordered.]
End result: substantial inflation of scores relative to what you'd see if you gave the same survey to the general population (and assuming everyone is relatively honest).
Maybe you're thinking of the Dunning-Kruger effect? (http://en.wikipedia.org/wiki/Dunning%E2%80%93Kruger_effect)