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We examine the relationship between confidence in own absolute performance and risk attitudes using two confidence … elicitation procedures: self-reported (non-incentivised) confidence and an incentivised procedure that elicits the certainty … equivalent of a bet based on performance. The former procedure reproduces the "hard-easy effect" (underconfidence in easy tasks …
Persistent link: https://www.econbiz.de/10011434351
procedure reproduces the "hard-easy effect" (overconfidence in easy tasks and underconfidence in hard tasks) found in a large … incentivised procedure leads to significant underconfidence, and does not lead to better calibration between confidence and …We examine confidence in own absolute performance using two elicitation procedures: selfreported (non …
Persistent link: https://www.econbiz.de/10010344292
We provide a preference-based rationale for endogenous overconfidence. Horizon-dependent risk aversion, combined with a … possibility to forget, can generate overconfidence and excessive risk taking in equilibrium. An "anxiety prone" agent, who is more … results to the literature on empirically observed overconfidence and excessive risk taking in several domains of financial and …
Persistent link: https://www.econbiz.de/10010482950
Persistent link: https://www.econbiz.de/10011669504
. It examines whether financial behavior, confidence, time preferences, risk preferences and financial literacy perceptions … and time preferences experiment tasks. A convenient total sample of 191 students (females = 53%) participated in the study …. A t-test analysis showed that FB, risk preferences, confidence levels, time preferences and financial literacy …
Persistent link: https://www.econbiz.de/10012023109
oder für andere Personen. Wir verwenden ein „within-subjects“ für unser Experiment, bei dem Vermögensverwalter in …
Persistent link: https://www.econbiz.de/10010519127
participate in this artefactual field experiment. Subjects mainly rely on the other's self-assessment of risk preferences and on …
Persistent link: https://www.econbiz.de/10009656269
paper, we deploy an artefactual fi eld experiment and study whether subjects - non-professionals and financial professionals …
Persistent link: https://www.econbiz.de/10009656273
We examine the relationship between confidence in own absolute performance and risk attitudes using two confidence … elicitation procedures: self-reported (non-incentivised) confidence and an incentivised procedure that elicits the certainty … equivalent of a bet based on performance. The former procedure reproduces the "hard-easy effect" (underconfidence in easy tasks …
Persistent link: https://www.econbiz.de/10011444290
We examine the relationship between confidence in own absolute performance and risk attitudes using two elicitation … procedures: self-reported (non-incentivised) confidence and an incentivised procedure that elicits the certainty equivalent of a … bet based on performance. The former procedure reproduces the "hard-easy effect" (overconfidence in easy tasks and …
Persistent link: https://www.econbiz.de/10011444305