Sandroni, Alvaro; Squintani, Francesco - In: Journal of Economic Behavior & Organization 93 (2013) C, pp. 149-165
This paper contributes to the recent behavioral economics literature by showing that whether or not overconfidence … that overconfidence may overturn fundamental relations between observable variables in perfect-competition asymmetric … information insurance markets. In monopolistic insurance markets, in constrast, we find that overconfidence may be observationally …