Its called barindead stupidity
But then, some people are pretty much never right and don't even know it, and couldn't face it even if they did, because their egos are so large there is no room in there for reality to intrude at all - they need that prize just for showing up, because it's the only way they get to feel they have won something.

...so in the sense, though THEY don't know why, it's funny as hell.