Pragmatic Beliefs and Overconfidence

Several studies indicate that humans are overconfident about their own (relative) abilities. The paper proposes a notion of pragmatic beliefs, and shows through an example that this concept can shed light on why overconfidence emerges. Through the example, we also shed light on the idea that that 'bounded rationality' may arise endogenously in a game - without assuming complexity costs

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Year of publication:	2000
Authors:	Hvide, Hans K.
Publisher:	[S.l.] : SSRN
Subject:	Theorie \| Theory \| Vertrauen \| Confidence \| Begrenzte Rationalität \| Bounded rationality

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Extent:	1 Online-Ressource (14 p)
Type of publication:	Book / Working Paper
Language:	English
Other identifiers:	10.2139/ssrn.204648 [DOI]
Classification:	C7 - Game Theory and Bargaining Theory ; C9 - Design of Experiments ; D8 - Information and Uncertainty ; J0 - Labor and Demographic Economics. General
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014040962