Showing 1 - 10 of 97
Persistent link: https://www.econbiz.de/10012310209
Persistent link: https://www.econbiz.de/10008926026
subsequent success or failure. One of the most common entrepreneurial decision making biases is overconfidence, which has been … introduced as a major decision making bias among individuals, as well. Overconfidence is so common among entrepreneurs that some … main causes of overconfidence among entrepreneurs. Overconfidence impacts entrepreneurial decisions profusely and has dual …
Persistent link: https://www.econbiz.de/10010850305
This paper suggests that the evolutionarily optimal belief of an agent’s intrinsic reproductive ability is systematically different from the posterior belief obtained by the perfect Bayesian updating. In particular, the optimal belief depends on how risk-averse the agent is. Although the...
Persistent link: https://www.econbiz.de/10010709098
We examine a static one-risk-free-one-risky asset portfolio choice when the investor's wellbeing is affected by the anticipatory feelings associated to potential capital gains and losses. These feelings can be manipulated by the choice of subjective beliefs on the distribution of returns....
Persistent link: https://www.econbiz.de/10010261126
This experiment explores whether individuals know that other people are biased. We confirm that overestimation of abilities is a pervasive problem, but observe that most people are not aware of it, i.e. they think others are unbiased. We investigate several explanations for this result. As a...
Persistent link: https://www.econbiz.de/10010264906
relatively. We test three different theories about observed relative overconfidence. The first theory notes that simple … asymmetry produces overconfidence (Kőszegi, 2006; Weinberg, 2006). We test an important specific prediction of these models … might make this belief worse. Our data also reject this prediction. The third theory is that overconfidence is induced by …
Persistent link: https://www.econbiz.de/10010269888
overconfidence and linked to the judgment literature in psychology. Empirical tests of the 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 … the theoretical predictions of the overconfidence literature in economics and finance, one cannot rely on the well …
Persistent link: https://www.econbiz.de/10010281612
This experiment explores whether individuals know that other people are biased. We confirm that overestimation of abilities is a pervasive problem, but observe that most people are not aware of it, i.e. they think others are unbiased. We investigate several explanations for this result. As a...
Persistent link: https://www.econbiz.de/10004968372
Persistent link: https://www.econbiz.de/10011416685