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equivalent of a bet based on performance. The former procedure reproduces the "hard-easy effect" (underconfidence in easy tasks … and overconfidence in hard tasks) found in a large number of studies using non-incentivised self-reports. The latter … procedure produces general underconfidence, which is significantly reduced, but not eliminated when we filter out the effects of …
Persistent link: https://www.econbiz.de/10011434351
equivalent of a bet based on performance. The former procedure reproduces the "hard-easy effect" (underconfidence in easy tasks … and overconfidence in hard tasks) found in a large number of studies using non-incentivised self-reports. The latter … procedure produces general underconfidence, which is significantly reduced, but not eliminated when we filter out the effects of …
Persistent link: https://www.econbiz.de/10011444290
procedure reproduces the "hard-easy effect" (overconfidence in easy tasks and underconfidence in hard tasks) found in a large … number of studies using non-incentivised self-reports. The latter procedure produces general underconfidence, which is … incentivised procedure leads to significant underconfidence, and does not lead to better calibration between confidence and …
Persistent link: https://www.econbiz.de/10010392403
procedure reproduces the "hard-easy effect" (overconfidence in easy tasks and underconfidence in hard tasks) found in a large … number of studies using non-incentivised self-reports. The latter procedure produces general underconfidence, which is … incentivised procedure leads to significant underconfidence, and does not lead to better calibration between confidence and …
Persistent link: https://www.econbiz.de/10010344292
bet based on performance. The former procedure reproduces the "hard-easy effect" (overconfidence in easy tasks and … underconfidence in hard tasks) found in a large number of studies using non-incentivised self-reports. The latter procedure produces … general underconfidence, which is significantly reduced, but not eliminated when we filter out the effects of risk attitudes …
Persistent link: https://www.econbiz.de/10010439679
reveals overconfidence (underconfidence). The individual is well calibrated if he or she chooses the third alternative …. Experimental results show that subjects, on average, exhibit underconfidence about their own knowledge when the incentive …
Persistent link: https://www.econbiz.de/10005463538
This paper studies the impact of incentives on worker self-selection in a controlled laboratory experiment. In a first … additional individual characteristics such as subjects' risk attitudes, measures of self-assessment and overconfidence, social … overconfidence affect worker self-selection, in particular into tournaments. Fourth, risk averse workers prefer fixed payments and …
Persistent link: https://www.econbiz.de/10010267618
This paper studies the impact of incentives on worker self-selection in a controlled laboratory experiment. In a first … additional individual characteristics such as subjects’ risk attitudes, measures of selfassessment and overconfidence, social … overconfidence affect worker self-selection, in particular into tournaments. Fourth, risk averse workers prefer fixed payments and …
Persistent link: https://www.econbiz.de/10005703774
We develop a simple model that describes individuals’ self-assessments oftheir abilities. We assume that individuals learn about their abilities from appraisalsof others and experience. Our model predicts that if communicationis imperfect, then (i) appraisals of others tend to be too positive,...
Persistent link: https://www.econbiz.de/10011348342
Persistent link: https://www.econbiz.de/10011669504