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Existing empirical evidence suggests that entrepreneurs are optimists, a finding researchers often interpret as … bias or not. We show that entrepreneurs have more favorable beliefs about nationwide conditions and then that these … entrepreneurs’ beliefs are relatively good predictors of the future. We conclude from these two findings that entrepreneurs are less …
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Discrimination is a pervasive aspect of modern society and human relations. Statistical discrimination theory suggests …, whereas statistical discrimination theory implies that better predictions can be achieved by using all available information …
Persistent link: https://www.econbiz.de/10014079853
Biased longevity expectations will lead to suboptimal decisions regarding saving, retirement, annuitization and health, with consequences for wellbeing in old age. Systematic differences in the accuracy of longevity expectations may partly explain heterogeneity in economic behaviour by education...
Persistent link: https://www.econbiz.de/10013023050
satisfaction with their actual life satisfaction five years later on. This overoptimism also holds for those entrepreneurs who …
Persistent link: https://www.econbiz.de/10012945214
satisfaction with their actual life satisfaction five years later on. This overoptimism also holds for those entrepreneurs who …
Persistent link: https://www.econbiz.de/10011738890
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Wage inequality in Chile has remained high for decades and it is currently at the center of the political agenda. Increasing education of workers is expected to contribute to reduce wage inequality. Based on historical trends of age, education, and returns to education, this paper attempts to...
Persistent link: https://www.econbiz.de/10003746852