Narrow search
Showing 1 - 10 of 2,880
Cover Image
Persistent overconfidence and biased memory : evidence from managers
Huffman, David; Raymond, Collin; Shvets, Julia - 2023
A long-standing puzzle is how overconfidence can persist in settings characterized by repeated feedback. This paper studies managers who participate repeatedly in a high-powered tournament incentive system, learning relative performance each time. Using reduced form and structural methods we...
Persistent link: https://www.econbiz.de/10014311540
Cover Image
It hurts to ask
Bénabou, Roland; Jaroszewicz, Ania; Loewenstein, George F. - 2022
We analyze the offering, asking, and granting of help or other benefits as a three-stage game with bilateral private information between a person in need of help and a potential help-giver. Asking entails the risk of rejection, which can be painful: since unawareness of the need can no longer be...
Persistent link: https://www.econbiz.de/10013382050
Cover Image
The dynamics of inattention in the (baseball) field
Archsmith, James; Heyes, Anthony; Neidell, Matthew; … - 2021
Recent theoretical and empirical work characterizes attention as a limited resource that decision-makers strategically allocate. There has been less research on the dynamic interdependence of attention: how paying attention now may affect performance later. In this paper, we exploit...
Persistent link: https://www.econbiz.de/10012549756
Cover Image
Gambling habits and probability judgements in a Bayesian task environment
Dickinson, David L.; Reid, Parker - 2023
Little is known about how gamblers estimate probabilities from multiple information sources. This paper reports on a preregistered study that administered an incentivized Bayesian choice task to n=465 participants (self-reported gamblers and non-gamblers). Our data failed to support our main...
Persistent link: https://www.econbiz.de/10014311967
Cover Image
Locus of control and the preference for agency
Caliendo, Marco; Cobb-Clark, Deborah A.; Silva … - 2023
link locus of control to decision-making: (i) preference for agency; (ii) optimism and (iii) confidence regarding the … delegate the right to make an investment decision that generates payoffs for themselves and their agents. Extending the game to … agency, an effect that is driven by women. We find no evidence that locus of control influences optimism and confidence about …
Persistent link: https://www.econbiz.de/10014250021
Cover Image
Looking at the bright side : the motivation value of overconfidence
Chen, Si; Schildberg-Hörisch, Hannah - 2018
The motivation value of confidence postulates that individual effort provision is increasing in beliefs on one's own …
Persistent link: https://www.econbiz.de/10011870710
Cover Image
True overconfidence, revealed through actions : an experiment
Cheung, Stephen L.; Johnstone, Lachlan - 2017
We report an experiment that infers true overconfidence in relative ability through actions, as opposed to reported beliefs. Subjects choose how to invest earnings from a skill task when the returns depend solely upon risk, or both risk and relative placement, enabling joint estimation of...
Persistent link: https://www.econbiz.de/10011612902
Cover Image
Confidence in knowledge or confidence in the ability to learn : an experiment on the causal effects of beliefs on motivation
Fischer, Mira; Sliwka, Dirk - 2018
confidence in the ability to learn raises incentives, while confidence in the level of human capital lowers incentives for …
Persistent link: https://www.econbiz.de/10011798132
Cover Image
The causal effect of trust
Bartling, Björn; Fehr, Ernst; Huffman, David; Netzer, Nick - 2018
Trust affects almost all human relationships - in families, organizations, markets and politics. However, identifying the conditions under which trust, defined as people's beliefs in the trustworthiness of others, has a causal effect on the efficiency of human interactions has proven to be...
Persistent link: https://www.econbiz.de/10011946494
Cover Image
Mind, body, bubble! : psychological and biophysical dimensions of behavior in experimental asset markets
Butler, David J.; Cheung, Stephen L. - 2018
Asset market bubbles and crashes are a major source of economic instability and inefficiency. Sometimes ascribed to animal spirits or irrational exuberance, their source remains imperfectly understood. Experimental methods can isolate systematic deviations from an asset's fundamental value in a...
Persistent link: https://www.econbiz.de/10011870688