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predicted effects of overconfidence. These studies assume, however, that a specific type of overconfidence, i.e., miscalibration …-established miscalibration bias. We find no gender differences in overconfidence for our measures except for one, where women are more … overconfidence and linked to the judgment literature in psychology. Empirical tests of the models often fail to find evidence for the …
Persistent link: https://www.econbiz.de/10010281612
Why are people so often overconfident? We conduct an experiment to test the hypothesis that people become overconfident to more effectively persuade or deceive others. After performing a cognitively challenging task, half of our subjects are informed that they can earn money by convincing others...
Persistent link: https://www.econbiz.de/10011626574
salient perturbations, we propose a strategic foundation of overconfidence. Since overconfident statements are used in …
Persistent link: https://www.econbiz.de/10010223063
Overconfidence is one of the most ubiquitous cognitive bias. There is copious evidence of overconfidence being relevant … overconfidence. Cognitive uncertainty represents a decision maker's uncertainty about her action optimality. We present a simple … model of overconfidence based on the concept of cognitive uncertainty. The model relates the concepts theoretically and …
Persistent link: https://www.econbiz.de/10013257953
on the well-established "miscalibration" bias. We find no gender differences in overconfidence for our measures except … for one, where women are more overconfident than men. -- overconfidence ; miscalibration ; signal perception ; cognitive … overconfidence and linked to the judgment literature in psychology. Empirical tests of the models often fail to find evidence for the …
Persistent link: https://www.econbiz.de/10008669956
People often forget and sometimes fantasize. This paper reports a large-scale experiment on memory errors and their relation to preferential traits including time preference, attitudes toward risk and ambiguity, and psychological characteristics such as anticipatory feelings. We observe...
Persistent link: https://www.econbiz.de/10013216068
We examine a fundamental feature of choice under uncertainty: Overestimating an alternative makes one more likely to choose it. If people are naive to this structural feature, then they will tend to have erroneously inflated expectations for the alternatives they choose. In contrast to theories...
Persistent link: https://www.econbiz.de/10011756888
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