We study the implications of overconfidence for price setting in a monopolistic competition setup with incomplete …

Purpose – The purpose of this paper is to examine the implications of overconfidence for information acquisition and … acquisition is exogenous, and overconfidence worsens price quality. Therefore, it may be crucial to incorporate endogenous … information acquisition into models of overconfidence. …

holding positive beliefs. This finding provides a behavioral explanation why and how overconfidence can evolve in the presence …

This paper examines whether biased income expectations due to overconfidence lead to higher levels of debt-taking. We … show suggestive evidence for a link between overconfidence and borrowing behavior in a representative survey of German …, participants can purchase goods by borrowing against their future income. We exogenously manipulate overconfidence about income …

overconfidence bias does not aect informational efficiency, price volatility, rational traders’ expected profits or their welfare …. Intuitively, as overconfidence goes up, so does price infornativeness, which makes rational agents cut their information …

the overconfidence bias does not affect informational efficiency, price volatility, ra- tional traders expected profits or … their welfare. Intuitively, as overconfidence goes up, so does price informativeness, which makes rational agents cut their …

Purpose – The purpose of this paper is to examine the implications of overconfidence for information acquisition and … acquisition is exogenous, and overconfidence worsens price quality. Therefore, it may be crucial to incorporate endogenous … information acquisition into models of overconfidence.  …