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characteristics (control). On average, households assign lower probabilities to shocks that negatively affect personal finances if …
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A growing body of evidence suggests that people exhibit large biases when processing information about themselves, but less is known about the underlying inference process. This paper studies belief updating patterns regarding academic ability in a large sample of students transitioning from...
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selection is either based on competence, on self-confidence, or made at random. Teams with random leaders do not underperform … models of social learning to investigate the micro-level mechanisms. We find that overconfidence and conservatism contribute …
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Overconfidence leads to risky behavior, including when people are around guns. Does overconfidence also shape attitudes … use of guns and more likely to declare their willingness to use guns. These results indicate that overconfidence is a … significant behavioral trait correlated with attitudes toward weapons handling, ownership, carrying, and use. Overall, over-confidence …
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