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"Miscalibration is a standard measure of overconfidence in both psychology and economics. Although it is often used in lab experiments, there is scarcity of evidence about its effects in practice. We test whether top corporate executives are miscalibrated, and whether their miscalibration...
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Do not-for-profit hospitals provide better care than for-profit hospitals? We compare patient outcomes in for-profit … and not-for-profit hospitals between 1984 and 1994 using a new method for estimating differences across hospitals that … yields far more accurate estimates of hospital quality than previously available. We find that, on average, for-profit …
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