Showing 1 - 7 of 7
This paper presents an online-experiment on overconfidence in the context of financial markets. Our subject pool … participants can be controlled for in our analysis. It turns out that there are stable differences in overconfidence between the … three investor groups. Moreover, investment experience and age have a significant impact on the degree of overconfidence …
Persistent link: https://www.econbiz.de/10010688111
This paper contributes to the recent behavioral economics literature by showing that whether or not overconfidence … that overconfidence may overturn fundamental relations between observable variables in perfect-competition asymmetric … information insurance markets. In monopolistic insurance markets, in constrast, we find that overconfidence may be observationally …
Persistent link: https://www.econbiz.de/10010702936
’, estimating that it under-represents their score by 13%. However, they exhibit no such overconfidence in non-ego-relevant beliefs … ‘unlucky feeling’ is largely due to overconfident priors, with biased updating driving overconfidence only among the … than beliefs about a particular performance, contributing to the persistence of overconfidence. …
Persistent link: https://www.econbiz.de/10011048066
. The optimal agenda-setting power to the chairman is a strictly concave function of the degree of overconfidence. We also …
Persistent link: https://www.econbiz.de/10011048128
We investigate the theoretically proposed link between judgmental overconfidence and trading activity. In addition to … the relevant bias in the theoretical overconfidence literature. We relate the obtained overconfidence measures to trading …
Persistent link: https://www.econbiz.de/10011116877
underrepresentation of women, namely, gender differences in overconfidence concerning past performance, in the willingness to exaggerate … past performance to the group, and in the reaction to monetary incentives. We find that men's overconfidence is the driving …
Persistent link: https://www.econbiz.de/10010573044
We elicit subjects’ beliefs about the likelihood that they will redeem a mail-in form. Expected redemption rates exceed actual redemption rates by 49 percentage points, meaning that subjects are overoptimistic about their likelihood of redemption. We test the impact of three “nudges” on...
Persistent link: https://www.econbiz.de/10011077025