Showing 1 - 10 of 23
labor market trajectories. Using an experiment to derive students' levels of overconfidence, and preferences for … and overconfidence, but not risk aversion, is systematically related with expectations about future earnings: individuals … in overconfidence and competitiveness explain about 18% of the gender gap in earnings expectations. These experimental …
Persistent link: https://www.econbiz.de/10009792974
This paper considers an economy where individuals differ in productivity and in risk. Rochet (1991) has shown that when private insurance markets offer full coverage at fair rates, social insurance is desirable if and only if risk and productivity are negatively correlated. This condition is...
Persistent link: https://www.econbiz.de/10011449932
-economic status and poorer health are relatively less likely to realize how unhealthy they are and this overconfidence is associated …
Persistent link: https://www.econbiz.de/10011387003
value of overconfidence). We present first empirical evidence on the existence of a motivation value of absolute … overconfidence that many microeconomic models build on. Moreover, we document that debiasing information increases the accuracy of … offer a novel strategy for identifying significant overconfidence at the individual level. …
Persistent link: https://www.econbiz.de/10011870710
the implications of overconfidence for worker welfare and firm profits, we estimate a structural learning model with … biased beliefs that ac-counts for many key features of the data. While worker overconfidence moderately decreases worker …
Persistent link: https://www.econbiz.de/10011664442
substantial overconfidence among new members about their likely visit rates and discuss how overconfidence may undermine the …
Persistent link: https://www.econbiz.de/10011703984
lead to a negative relationship between performance and overestimation, even if skill and overconfidence are unrelated. To … clarify the role of measurement error, we restate the Dunning-Kruger effect in terms of skill and overconfidence. We show that …
Persistent link: https://www.econbiz.de/10011625369
: overconfidence and uncertainty about performance. Since task-based goal setting is low-cost, scaleable and logistically simple, we …
Persistent link: https://www.econbiz.de/10011571859
holding positive beliefs. This finding provides a behavioral explanation why and how overconfidence can evolve in the presence …
Persistent link: https://www.econbiz.de/10013433247
−D). We show that the health overconfidence displayed by approximately 30% of the survey respondents is a clear risk factor … cases and deaths. Recent research has shown that health overconfidence can influence risky behaviors such as smoking and … for the implementation of effective interventions to temper overconfidence, particularly in uncontrollable situations like …
Persistent link: https://www.econbiz.de/10012705695