Confidence is often seen as the key to success. Empirical evidence about how such beliefs about one's abilities … confidence about one's own ability on two central choices made by workers in the labor market: choosing between jobs with … confidence leads to an increase in subjects' propensity to choose payment schemes that depend heavily on ability. This is …

external factors if they fail. They are too easily dissatisfied with their environment, which leads them to experiment in … variable environments and revise their self-confidence over time. In contrast, underconfident decision-makers might be trapped …

representative sample. Consistent with theoretical predictions, our findings indicate that excessive confidence in one's judgment is …

implement, and captures respondents' excess confidence in their own judgment. Our results show that, in line with theoretical … predictions, an excessive degree of confidence in one's judgment is correlated with lower portfolio diversification, larger stock …

subjects' self-confidence. Our novel experimental design allows us to disentangle selection into insurance from the effects of …