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This paper reports findings of a laboratory experiment, which explores how elfassessment regarding the own relative performance is perceived by others. In particular, I investigate whether overconfident subjects or underconfident subjects are considered as more likable by others, and who of the...
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. Furthermore, the chapter explains how overconfidence is modeled in finance and that the main assumptions, which assume that … reasonable modeling assumption. Applications of overconfidence in the theoretical and empirical finance literature are also …
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robo-advice. While higher financial literacy seems to decrease robo-advice uptake, unjustified confidence in one …
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This paper presents a reconciliation of the three distinct ways in which the economic literature has defined overconfidence: (1) overestimation of one's actual performance, (2) overestimation of one's performance relative to others, and (3) overestimation of the quality of one's private signals....
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We examine overconfident CEO directors and find they attend more board meetings, are more likely to serve on the nominating or the compensation committee, have more independent directorships, and foster higher attendance rates on boards. Boards with overconfident directors are more likely to...
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fundamentally from contemporary patterns of thought in economics that are believed to govern individual behavior in small groups …
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