Grossman, Zachary; Owens, David - In: Journal of Economic Behavior & Organization 84 (2012) 2, pp. 510-524
How do individuals’ beliefs respond to ego-relevant information? After receiving noisy, but unbiased performance feedback, participants in an experiment overestimate their own scores on a quiz and believe their feedback to be ‘unlucky’, estimating that it under-represents their score by...