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, however, that a specific type of overconfidence, i.e. “miscalibration,” captures the underlying trait. We challenge this …Overconfidence is used to explain various instances of detrimental decision making. In behavioral economic and finance …. Empirical tests of these models often fail to find evidence for the predicted effects of overconfidence. These studies assume …
Persistent link: https://www.econbiz.de/10011051333
Persistent link: https://www.econbiz.de/10009488947
We investigate the theoretically proposed link between judgmental overconfidence and trading activity. In addition to … applying classical measures of miscalibration, we introduce a measure to capture misperception of signal reliability, which is … the relevant bias in the theoretical overconfidence literature. We relate the obtained overconfidence measures to trading …
Persistent link: https://www.econbiz.de/10010291808
We investigate the theoretically proposed link between judgmental overconfidence and trading activity. In addition to … applying classical measures of miscalibration, we introduce a measure to capture misperception of signal reliability, which is … the relevant bias in the theoretical overconfidence literature. We relate the obtained overconfidence measures to trading …
Persistent link: https://www.econbiz.de/10010583910
We investigate the theoretically proposed link between judgmental overconfidence and trading activity. In addition to … applying classical measures of miscalibration, we introduce a measure to capture misperception of signal reliability, which is … the relevant bias in the theoretical overconfidence literature. We relate the obtained overconfidence measures to trading …
Persistent link: https://www.econbiz.de/10011116877
We experimentally investigate the determinants of overconfidence and test the hypothesis, advanced by Robert Trivers …, that overconfidence serves to more effectively persuade or deceive others. After performing a cognitively challenging task …
Persistent link: https://www.econbiz.de/10011451529
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
’, estimating that it under-represents their score by 13%. However, they exhibit no such overconfidence in non-ego-relevant beliefs … ‘unlucky feeling’ is largely due to overconfident priors, with biased updating driving overconfidence only among the … than beliefs about a particular performance, contributing to the persistence of overconfidence. …
Persistent link: https://www.econbiz.de/10011048066
the relative standing of their group among other groups. On average, individuals exhibit overconfidence bias in both types …, the salience of between-group judgments should mitigate within-group overconfidence. Our second hypothesis is that within …-group overconfidence is reduced in the presence of group identity. Using a 2×2 between-subject design, we test, and find strong support for …
Persistent link: https://www.econbiz.de/10011051357
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