Showing 1 - 10 of 562
'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/10012882481
Using comprehensive financial and accounting data on China's listed firms from 1998 to 2002, augmented by unique data … listing suspension mechanism, i.e., the ST designation, adopted by China's securities regulatory agency appears to be … literature on economic transition, our findings suggest that any fundamental improvement in China's corporate governance will …
Persistent link: https://www.econbiz.de/10010274393
This paper investigates collective denial and willful blindness in groups, organizations and markets. Agents with anticipatory preferences, linked through an interaction structure, choose how to interpret and recall public signals about future prospects. Wishful thinking (denial of bad news) is...
Persistent link: https://www.econbiz.de/10010293122
A tradition from Knight (1921) argues that more risk tolerant individuals are more likely to become entrepreneurs, but perform worse. We test these predictions with two risk tolerance proxies: stock market participation and personal leverage. Using investment data for 400,000 individuals, we...
Persistent link: https://www.econbiz.de/10010293212
participation. Using national representative samples of the elderly in US and China, we find that people with lower socio …-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/10011401757
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/10010328926
: overconfidence and uncertainty about performance. Since task-based goal setting is low-cost, scaleable and logistically simple, we …
Persistent link: https://www.econbiz.de/10011584598
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/10011653339
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/10011873568
additional individual characteristics such as subjects' risk attitudes, measures of self-assessment and overconfidence, social … overconfidence affect worker self-selection, in particular into tournaments. Fourth, risk averse workers prefer fixed payments and …
Persistent link: https://www.econbiz.de/10010267618