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and overconfidence in hard tasks) found in a large number of studies using non-incentivised self-reports. The latter …
Persistent link: https://www.econbiz.de/10011434351
Overconfidence is one of the most important biases in financial markets and commonly associated with excessive trading … and asset market bubbles. So far, most of the finance literature takes overconfidence as a given, "static" personality … trait. In this paper we introduce a novel experimental design which allows us to track different measures of overconfidence …
Persistent link: https://www.econbiz.de/10012034133
procedure reproduces the "hard-easy effect" (overconfidence in easy tasks and underconfidence in hard tasks) found in a large …
Persistent link: https://www.econbiz.de/10010344292
bet based on performance. The former procedure reproduces the "hard-easy effect" (overconfidence in easy tasks and …
Persistent link: https://www.econbiz.de/10010439679
work environments. We examine the relationship between, and the driving forces behind, individual overconfidence and … significantly more cooperative, whereas overconfidence, beliefs, and cooperativeness are not correlated in women. …
Persistent link: https://www.econbiz.de/10010225443
Confidence is often seen as the key to success. Empirical evidence about how such beliefs about one's abilities causally map into actions is, however, sparse. In this paper, we experimentally investigate the causal effect of an increase in confidence about one's own ability on two central...
Persistent link: https://www.econbiz.de/10011964220
This paper reports findings of a laboratory experiment, which explores how elfassessment regarding the own relative … observe that underconfidence beats overconfidence in both respects. Underconfident subjects are rewarded significantly more …
Persistent link: https://www.econbiz.de/10010350220
We analyze how subjects' self-assessment depends on whether its accuracy is observable to others. We find that women downgrade their self-assessment given observability while men do not. Women avoid the shame they may have if others observe that they overestimated themselves. Men, however, do...
Persistent link: https://www.econbiz.de/10010403565
Anchoring and overconfidence are some of the best-known biases in psychology and behavioral finance literature. While a …. This paper aims to fill the research gap and shows the differences in proneness to the anchoring effect and overconfidence …
Persistent link: https://www.econbiz.de/10012026677
value of overconfidence). We present first empirical evidence on the existence of a motivation value of absolute … overconfidence that many microeconomic models build on. Moreover, we document that debiasing information increases the accuracy of … offer a novel strategy for identifying significant overconfidence at the individual level. …
Persistent link: https://www.econbiz.de/10011849984