Showing 91 - 100 of 41,635
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
structures. We conduct maze-solving experiments under both reward structures and reveal that overconfidence is a significant … factor in increasing productivity. Specifically, subjects exhibiting progressively higher degrees of overconfidence solve … more mazes. This result shows a positive aspect of overconfidence, which usually has been examined in its negative aspect …
Persistent link: https://www.econbiz.de/10010332484
We propose a model of instrumental belief choice under loss aversion. When new information arrives, an agent is prompted to abandon her prior. However, potential posteriors may induce her to take actions that generate a lower utility in some states than actions induced by her prior. These losses...
Persistent link: https://www.econbiz.de/10011584855
lead to a negative relationship between performance and overestimation, even if skill and overconfidence are unrelated. To … clarify the role of measurement error, we restate the Dunning Kruger effect in terms of skill and overconfidence. We show that …
Persistent link: https://www.econbiz.de/10011653339
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 examine consumer certainty of future preferences and overconfidence in predicting future preferences. We explore how … preference certainty and overconfidence impact the option value to revise today's decisions in the future. We design a laboratory … overconfidence in predicting future preferences as: the difference between actual accuracy at predicting future choices and stated …
Persistent link: https://www.econbiz.de/10012101029
information leads people to choose tasks that raise expected output, however extreme overconfidence leads people to undertake … tasks that are excessively challenging. Consistent with our results, psychologists have found that moderate overconfidence …
Persistent link: https://www.econbiz.de/10010269111
relatively. We test three different theories about observed relative overconfidence. The first theory notes that simple … asymmetry produces overconfidence (Kőszegi, 2006; Weinberg, 2006). We test an important specific prediction of these models … might make this belief worse. Our data also reject this prediction. The third theory is that overconfidence is induced by …
Persistent link: https://www.econbiz.de/10010269888
underrepresentation of women, namely, gender differences in overconfidence concerning past performance, in the willingness to exaggerate … past performance to the group, and in the reaction to monetary incentives. We find that men's overconfidence is the driving …
Persistent link: https://www.econbiz.de/10010278578