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Overweighting private information: Three measures, one bias?
Fellner, Gerlinde; Krügel, Sebastian - 2010
Overweighting private information is often used to explain various detrimental decisions. In behavioral economics and … learning to obtain a direct measure for overweighting private information. We find that overweighting private information and …
Persistent link: https://www.econbiz.de/10010281612
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Overweighting private information : three measures, one bias?
Fellner, Gerlinde; Krügel, Sebastian - 2010
Overweighting private information is often used to explain various detrimental decisions. In behavioral economics and …-cue probability learning to obtain a direct measure for overweighting private information. We find that overweighting private … information and measures of "miscalibration" are unrelated, indicating that different kinds of misperceptions are at work. Thus …
Persistent link: https://www.econbiz.de/10008669956
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Self-confidence and strategic behavior
Charness, Gary; Rustichini, Aldo; Ven, Jeroen van de - 2013
We test experimentally an explanation of over and under confidence as motivated by (perhaps unconscious) strategic concerns, and find compelling evidence supporting this hypothesis in the behavior of participants who send and respond to others ́statements of confidence about how well they have...
Persistent link: https://www.econbiz.de/10010223063
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On the persistence of strategic sophistication
Georganas, Sotiris; Healy, Paul J.; Weber, Roberto A. - 2014
We examine whether the "Level-k" model of strategic behavior generates reliable cross-game predictions within an individual. We find no correlation in subjects' estimated levels of reasoning across two families of games. Furthermore, estimating a higher level for Ann than Bob in one family of...
Persistent link: https://www.econbiz.de/10010249635
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Motivated False Memory
Chew, Soo Hong; Huang, Wei; Zhao, Xiaojian - 2021
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
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The effect of self-awareness and competition on dishonesty
Çıbık, Ceren Bengü; Sgroi, Daniel - 2021
We provide the first investigation of the relationship between self-awareness and dis- honesty in a multi-wave pre-registered experiment with 1,260 subjects. In the first wave we vary the level of awareness of subjects' past dishonesty and explore the impact on behaviour in tasks that include...
Persistent link: https://www.econbiz.de/10012494900
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Testing the advantages of conscious vs. unconscious thought for complex decisions in a distraction free paradigm
McElroy, Todd; Dickinson, David L. - 2016
In this study we test predictions from Unconscious Thought Theory (UTT) that unconscious thought will lead to better decision making in complex decision tasks relative to conscious thought. Different from prior work testing this prediction, we use a method of manipulating conscious and...
Persistent link: https://www.econbiz.de/10011580853
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Making sense of soft information : interpretation bias and ex-post lending outcomes
Campbell, Dennis W.; Loumioti, Maria; Moerman, Regina … - 2018
We explore whether behavioral biases impede the effective processing and interpretation of soft information in private …) common identity. Specifically, we find that using soft information in lending decisions leads to worse loan quality when loan … information in lending decisions …
Persistent link: https://www.econbiz.de/10011931483
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A model of overconfidence
Weinberg, Bruce A. - 2009
People use information about their ability to choose tasks. If more challenging tasks provide more accurate information … information leads people to choose tasks that raise expected output, however extreme overconfidence leads people to undertake … is both pervasive and advantageous and that people maintain such beliefs by underweighting new information about their …
Persistent link: https://www.econbiz.de/10010269111
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A model of overconfidence
Weinberg, Bruce A. - 2009
People use information about their ability to choose tasks. If more challenging tasks provide more accurate information … information leads people to choose tasks that raise expected output, however extreme overconfidence leads people to undertake … is both pervasive and advantageous and that people maintain such beliefs by underweighting new information about their …
Persistent link: https://www.econbiz.de/10003872716