Showing 11 - 20 of 35,816
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
’, 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 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
We examine factors that may contribute to 'overconfidence' in relative ability on an intelligence test. We test … an equilibrium strategy, providing a rationale for strategic overconfidence. …
Persistent link: https://www.econbiz.de/10010326528
salient perturbations, we propose a strategic foundation of overconfidence. Since overconfident statements are used in …
Persistent link: https://www.econbiz.de/10010328716
Contract compliance is key for economic growth. However, determinants affecting contract breach are not yet well understood. In this paper, we focus on contract situations with a potential hold-up problem, such as contract farming agreements which are prevalent in many developing countries. We...
Persistent link: https://www.econbiz.de/10012201854
Confidence in one's own abilities is often seen as an important determinant of being successful. Empirical evidence about how such beliefs about one's own abilities causally influence choices is, however, sparse. In this paper, we use a stylized laboratory experiment to investigate the causal...
Persistent link: https://www.econbiz.de/10012290064
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