Narrow search
Showing 1,501 - 1,510 of 1,586
Cover Image
Certainty and Overconfidence in Future Preferences for Food
Thunström, Linda; Nordström, Jonas; Shogren, Jason F. - Institut for Fødevare- og Ressourceøkonomi, … - 2015
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/10011194377
Cover Image
An Experimental Study of Overconfidence in Accounting Numbers Predictions
Bar-Yosef, Sasson; Venezia, Itzhak - In: International Journal of Economic Sciences 2014 (2014) 1, pp. 78-89
This paper analyzes experimentally investors' overconfidence when making predictions of financial and accounting … overconfidence. We also compare the extent to which professional analysts differ from other investors in that respect. For this we … overconfidence. The professional analysts were slightly more overconfident than the students. Subjects showed more overconfidence in …
Persistent link: https://www.econbiz.de/10011195081
Cover Image
Overconfidence in the Markets for Lemons
Herweg, Fabian; Müller, Daniel - Volkswirtschaftliche Fakultät, … - 2013
We extend Akerlof (1970)’s “Market for Lemons†by assuming that some buyers are overconfident. Buyers in our model receive a noisy signal about the quality of the good that is on display for sale. Overconfident buyers do not update according to Bayes’ rule but take the...
Persistent link: https://www.econbiz.de/10011140968
Cover Image
Risk tolerance and entrepreneurship
Hvide, Hans K; Panos, Georgios - C.E.P.R. Discussion Papers - 2013
A tradition from Knight (1921) argues that more risk tolerant individuals are more likely to become entrepreneurs, but perform worse. We test these predictions with two risk tolerance proxies: stock market participation and personal leverage. Using investment data for 400,000 individuals, we...
Persistent link: https://www.econbiz.de/10011083758
Cover Image
Coexistence and Dynamics of Overconfidence and Strategic Incentives
de Goeij, Peter; Bosquet, K.; Smedts, K. - Tilburg University, Center for Economic Research - 2009
provides empirical evidence on the coexistence of overconfidence and strategic incentives. …
Persistent link: https://www.econbiz.de/10011091075
Cover Image
Overconfidence among professional investors: Evidence from mutual fund managers
Pütz, Alexander; Ruenzi, Stefan - Institut für Finanzmarktforschung, Wirtschafts- und … - 2010
We examine overconfidence among equity mutual fund managers. While overconfidence has been extensively documented among … retail investors, evidence from professional investors is scarce. Consistent with theories of overconfidence, we find that …
Persistent link: https://www.econbiz.de/10010984850
Cover Image
Do differing pay schemes help close the gender gap in overconfidence
Lahav, Eyal; Nir, Arad; Siniver, Erez - In: Economics Bulletin 35 (2015) 1, pp. 30-36
We conducted an experiment to compare how overconfidence is influenced by performance-based and fixed payment schemes … overconfidence of women, and decreased the overconfidence of men. As a result, no gender difference in overconfidence was found when …
Persistent link: https://www.econbiz.de/10011199657
Cover Image
Apparent Overconfidence
Dubra, Juan; Benoit, Jean-Pierre - Facultad de Ciencias Empresariales y Economía, … - 2011
It is common for a majority of people to rank themselves as better than average on simple tasks and worse than average on dificult tasks. The literature takes for granted that this apparent miscon?dence is problematic. We argue, however, that this behaviour is consistent with purely rational...
Persistent link: https://www.econbiz.de/10010558709
Cover Image
The Problem of Prevention
Dubra, Juan; Benoit, Jean-Pierre - Facultad de Ciencias Empresariales y Economía, … - 2011
Many disasters are foreshadowed by insuficient preventive care. In this paper, we argue that there is a true problem of prevention, in that insu¢ cient care is often the result of rational calculations on the part of agents. We identify two factors that lead to dubious e¤orts in care. First,...
Persistent link: https://www.econbiz.de/10010561150
Cover Image
Incentives to learn calibration: a gender-dependent impact
Dargnies, Marie-pierre; Hollard, Guillaume - In: Economics Bulletin 29 (2009) 3, pp. 1820-1828
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 finding is that subjects provide too narrow intervals at the...
Persistent link: https://www.econbiz.de/10008563062