Overconfidence seems to be an essential aspect of human nature, and one way to study overconfidence is to consider … achievements; what remains can be interpreted as (over)confidence. In this paper we study overconfidence using a sample of about … students are overconfident, which is in agreement with what most people find. Less obvious findings are that overconfidence is …

expectations persistence is an important source of the macroeconomic persistence documented in Fuhrer (2015). …

This paper examines whether biased income expectations due to overconfidence lead to higher levels of debt-taking. In a … represent real financial losses. To assess the external validity, we find further evidence for the link between overconfidence …