confidence) in the optimal learning theory. However, we find that it is not always optimal to engage in the second stage, even …We study informational dissociations between decisions and decision confidence. We explore the consequences of a dual …-system model: the decision system and confidence system have distinct goals, but share access to a source of noisy and costly …

How does the experience of success in combination with confidence affect meritocratic beliefs and preferences for … redistribution? In a large-scale experiment, we manipulate both the level of confidence in own performance and the outcome of a … competition to provide causal evidence. First, we document that increased confidence has a polarizing effect on meritocratic …

We analyze communication about the social returns to investment in a public good. We model two agents who have private … generates an incentive for "alarmism", the exaggeration of social returns in order to opportunistically induce more investment …