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observe that underconfidence beats overconfidence in both respects. Underconfident subjects are rewarded significantly more …
Persistent link: https://www.econbiz.de/10010350220
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/10010403565
Confidence is often seen as the key to success. Empirical evidence about how such beliefs about one's abilities causally map into actions is, however, sparse. In this paper, we experimentally investigate the causal effect of an increase in confidence about one's own ability on two central...
Persistent link: https://www.econbiz.de/10011964220
models of social learning to investigate the micro-level mechanisms. We find that overconfidence and conservatism contribute …
Persistent link: https://www.econbiz.de/10011794457
I investigate whether two mechanisms leading to biased beliefs about success, overconfidence and competition neglect … distributions related to absolute as well as relative overconfidence to study it comprehensively and introduce two treatment … variations: First, some participants receive detailed performance feedback addressing absolute and relative overconfidence before …
Persistent link: https://www.econbiz.de/10011900069
We report an experiment that infers true overconfidence in relative ability through actions, as opposed to reported … top half. We find evidence of aggregate overconfidence only in a treatment that receives minimal feedback on performance … in a trial task. In treatments that receive more detailed feedback, aggregate overconfidence is not observed although …
Persistent link: https://www.econbiz.de/10012962309
We report an experiment that infers true overconfidence in relative ability through actions, as opposed to reported … top half. We find evidence of aggregate overconfidence only in a treatment that receives minimal feedback on performance … in a trial task. In treatments that receive more detailed feedback, aggregate overconfidence is not observed although …
Persistent link: https://www.econbiz.de/10011612902
Persistent link: https://www.econbiz.de/10011349148
Persistent link: https://www.econbiz.de/10011643028
Persistent link: https://www.econbiz.de/10012244286