Fellner, Gerlinde; Krügel, Sebastian - In: Journal of Economic Psychology 33 (2012) 1, pp. 142-154
Overconfidence is used to explain various instances of detrimental decision making. In behavioral economic and finance …. Empirical tests of these models often fail to find evidence for the predicted effects of overconfidence. These studies assume …, however, that a specific type of overconfidence, i.e. “miscalibration,” captures the underlying trait. We challenge this …