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We provide a preference-based rationale for endogenous overconfidence. Horizon-dependent risk aversion, combined with a possibility to forget, can generate overconfidence and excessive risk taking in equilibrium. An "anxiety prone" agent, who is more risk-averse to imminent than to distant...
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artefactual field experiment in India, we show that success when competing in a task increases the performers' self-confidence and … competitiveness in the subsequent task. We also find that such spillovers affect the self-confidence of low-status individuals more … than that of high-status individuals. Receiving good news under Affirmative Action, however, boosts confidence across tasks …
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Every day, consumers ask sellers for advice. Because they do not or cannot know better, consumers rely on that advice in making financial decisions of varying significance. Sellers, motivated by strong and often conflicting self-interests, are well-positioned to lead consumers to make decisions...
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skyrocketing sales fueled bycelebrity-inspired consumer's confidence. The present study explores the impact of celebrity …, brand trust, and brand attitude) that can significantly enhance customer's confidence and purchase intentions of luxury …
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