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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
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
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/10011663455
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
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/10011441641
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
Overconfidence in one's relative performance within a group is a wide-spread phenomenon. Similar to individual (or … within-group) overconfidence, it was also shown that individuals are, on average, overconfident about the performance of … their group relative to other groups. We hypothesize that this between-group overconfidence should mitigate within …
Persistent link: https://www.econbiz.de/10010902505
We investigate the influence of overconfidence and risk aversion on individual financial decision making in the … their pre-experimental overconfidence scores, were assigned to the two types of markets: least overconfident subjects formed … trading activity were overconfidence dependent only for female participants. Mistakes in price forecasting, that are …
Persistent link: https://www.econbiz.de/10011266111
Miscalibration can be defined as the fact that people think that their knowledge is more precise than it actually is …. In a typical miscalibration experiment, subjects are asked to provide subjective confidence intervals. A very robust … fall inside the 90% intervals provided. As miscalibration is linked with bad results on a experimental financial market …
Persistent link: https://www.econbiz.de/10004988948