The reason you have electricians that understand all this is so you can call them up and say "can you come take a look at this?". If its a concern, give the guy a call. It might cost you a few bucks. He'll look at all your sockets and (if he's honest and most of them are) give you a pretty good idea of what you should do throughout your dwelling.
My experience with electricians is that they understand very little and operate largely by rules of thumb and "something an older electrician told them one time."
That said, though I personally would not first call an electrician to diagnose a problem like this, if you do not know what you're doing, you absolutely should do so. Nobody here -- myself included -- wants to bear the responsibility of your house burning down.
Understand very little? I understand you're talking "in general", but I really don't understand how anyone would think this. I've only got 8 years of experience in the field, but the depth of knowledge required for this type of work is not trivial. With industrial/commercial you have everything from VFDs, motor controls, switching controls, back-up power generation and the related transfer switches. My mentors have been very knowledgeable and it requires just as much to learn this line of work as it does my electronics hobby.
Any electrician worth their salt knows the basics about electricity, included the requisite trig and algebra... no, we're not pulling out calculus reference sheets in the fields or calculating anything that requires a physics major. But, just for example... what if you need to know the load of an unbalanced 3-phase panel neutral, well, you need a little at least a working knowledge of vectors and how to add/subtract the vector components. So, basic electricity, basic physics, basic math skills and a mechanical aptitude and you have a decent apprentice electrician.
This isn't mentioning the full gamut of wiring techniques, materials and just pure amount of things you will never, ever learn from a book, you simply have to practice it under knowledgeable people.
As for the OPs question, the energy you feel radiating from your could be some voltage drop across the lights extension cord, but you really shouldn't be having too much drop from your branch-circuit conductors or the outlet itself. It really just depends on how hot it's getting as to whether it's an issue; remove the cover and do a visual inspection, check for any discoloration of the wiring or device. We call them "glowing joints" in the trade, and it's a very common troubleshooting annoyance for us, and I've seen many a melted things in my time, including receptacles.