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Empirical research documents that overconfidence has a strong impact on investment decision. In this experimental study …), control in the role of risk aversion, and implement different measures of overconfidence (miscalibration in two formats – the … in the degree of overconfidence. However, overconfidence seems to determine decision-making in a different way across the …
Persistent link: https://www.econbiz.de/10013101495
This paper studies behavioral responses to taxes in financial markets. It is motivated by recent puzzling empirical evidence of taxable municipal bond yields significantly exceeding the level expected relative to tax exempt bonds. A behavioral explanation is a tax aversion bias, the phenomenon...
Persistent link: https://www.econbiz.de/10010309353
This paper studies behavioral responses to taxes in financial markets. It is motivated by recent puzzling empirical evidence of taxable municipal bond yields significantly exceeding the level expected relative to tax exempt bonds. A behavioral explanation is a tax aversion bias, the phenomenon...
Persistent link: https://www.econbiz.de/10010983366
observe that underconfidence beats overconfidence in both respects. Underconfident subjects are rewarded significantly more …
Persistent link: https://www.econbiz.de/10010350220
structures. We conduct maze-solving experiments under both reward structures and reveal that overconfidence is a significant … factor in increasing productivity. Specifically, subjects exhibiting progressively higher degrees of overconfidence solve … more mazes. This result shows a positive aspect of overconfidence, which usually has been examined in its negative aspect …
Persistent link: https://www.econbiz.de/10010332484
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/10010427160
We analyze how subjects’ self-assessment depends on whether its accuracy is observable to others. We find that women downgrade their selfassessment 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/10010427624
observe that underconfidence beats overconfidence in both respects. Underconfident subjects are rewarded significantly more …
Persistent link: https://www.econbiz.de/10010427652
We analyze how subjects' self-assessment depends on whether its accuracy is observable to others. We find that women downgrade their selfassessment given observability while men do not. Women avoid the shame they may have if others observe that they overestimated themselves. Men, however, do not...
Persistent link: https://www.econbiz.de/10009526170
salient perturbations, we propose a strategic foundation of overconfidence. Since overconfident statements are used in …
Persistent link: https://www.econbiz.de/10010223063