Does the Better-than-Average Effect Show that People are Overconfident? : Two Experiments

We conduct two experiments of the claim that people are overconfident. We develop new tests of overplacement which are based on a formal Bayesian model. Our two experiments, on easy quizzes, find overplacement. More precisely, we find apparently overconfident data that cannot be accounted for by a rational population of expected utility maximizers with a good understanding of the nature of the quizzes they took

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Year of publication:	2013
Authors:	Benoit, Jean-Pierre ; Dubra, Juan ; Moore, Don A.
Publisher:	[S.l.] : SSRN
Subject:	Experiment \| Verhaltensökonomik \| Behavioral economics \| Qualifikation \| Occupational qualification \| Vergleich \| Comparison \| Ranking-Verfahren \| Ranking method

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Extent:	1 Online-Ressource (31 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments March 11, 2013 erstellt
Other identifiers:	10.2139/ssrn.2231557 [DOI]
Classification:	D11 - Consumer Economics: Theory ; D12 - Consumer Economics: Empirical Analysis ; D82 - Asymmetric and Private Information ; D83 - Search, Learning, Information and Knowledge
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014160015