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How do risk attitudes affect measured confidence?

Murad, Zahra; Starmer, Chris; Sefton, Martin - Centre for Decision Research and Experimental Economics … - 2014

procedure reproduces theâ€œhard-easy effectâ€ (overconfidence in easy tasks and underconfidence in hard tasks) found in a large …

Persistent link: https://www.econbiz.de/10011123428

Behavioural biases in investment decision making – a systematic literature review

Kumar, Satish; Goyal, Nisha - In: Qualitative Research in Financial Markets 7 (2015) January, pp. 88-88

Purpose - The purpose of this paper is to systematically review the literature published in past 33 years on behavioural biases in investment decision-making. The paper highlights the major gaps in the existing studies on behavioural biases. It also aims to raise specific questions for future...

Persistent link: https://www.econbiz.de/10011124230

An Unlucky Feeling: Overconfidence and Noisy Feedback

Grossman, Zachary; Owens, David - Department of Economics, University of California-Santa … - 2010

How does overconfidence arise and how does it persist in the face of experience and feedback? In an experimental …, which may contribute to the persistence of overconfidence. …

Persistent link: https://www.econbiz.de/10011131659

Major Decision Making biases Leading to Entrepreneurs’ False Predictions

Kafeshani, Abdolah Ahmadi; Nouri, Pouria; Imanipour, Narges - In: International Journal of Academic Research in Business … 4 (2014) 12, pp. 306-315

. According to our findings based on interviews with 20 entrepreneurs, overconfidence, planning fallacy and illusion of control …

Persistent link: https://www.econbiz.de/10011132521

Living Forever: Entrepreneurial Overconfidence at Older Ages

Groenen, Patrick; Koellinger, Philipp; Thurik, Roy; … - Erasmus Research Institute of Management (ERIM), … - 2013

Overconfidence has been proposed as an explanation for excess market entry by entrepreneurs and low returns in … methodological challenges, we use a measure of overconfidence that employs self-reports of life expectancy. These self-reports are …

Persistent link: https://www.econbiz.de/10011067462

Everyone believes in redemption: Nudges and overoptimism in costly task completion

Tasoff, Joshua; Letzler, Robert - In: Journal of Economic Behavior & Organization 107 (2014) PA, pp. 107-122

We elicit subjects’ beliefs about the likelihood that they will redeem a mail-in form. Expected redemption rates exceed actual redemption rates by 49 percentage points, meaning that subjects are overoptimistic about their likelihood of redemption. We test the impact of three “nudges” on...

Persistent link: https://www.econbiz.de/10011077025

Do differing pay schemes help close the gender gap in overconfidence?

Lahav, Eyal; Nir, Arad; Siniver, Erez - In: Economics Bulletin 34 (2014) 4, pp. 2107-2114

We conducted an experiment to compare how overconfidence is influenced by performance-based and fixed payment schemes … overconfidence of women, and decreased the overconfidence of men. As a result, no gender difference in overconfidence was found when …

Persistent link: https://www.econbiz.de/10011039060

Gender differences in overconfidence and risk taking: Do self-selection and socialization matter?

Hardies, Kris; Breesch, Diane; Branson, Joël - In: Economics Letters 118 (2013) 3, pp. 442-444

In a large-scale laboratory experiment, we investigate gender differences in overconfidence and risk taking. Our … results show that (self-)selection and socialization can eliminate the gender difference in overconfidence, but they appear …

Persistent link: https://www.econbiz.de/10011041705

Does the Better-Than-Average Effect Show That People Are Overconfident?: Two Experiments.

Benoît, Jean-Pierre; Dubra, Juan; Moore, Don - Volkswirtschaftliche Fakultät, … - 2009

We conduct two experiements of the claim that people are overconfident. We develop new tests of overplacement which are based on a formal Bayesian model. Our two experiments, on easy quizzes, find overplacement. More precisely, we find apparently overconfident data that cannot be accounted for...

Persistent link: https://www.econbiz.de/10011108863

Thoughts on quantifying overconfidence in economic experiments

Michailova, Julija; Katter, Joana K. Q. - Volkswirtschaftliche Fakultät, … - 2013

This article illustrates the difficulties in quantifying overconfidence in experimental finance and outlines a … procedure for the development of a reliable overconfidence measurement instrument. Following the suggested two-stage procedure a … sample measure of overconfidence is developed. First a pilot test is conducted to divide the initial fifty items into three …

Persistent link: https://www.econbiz.de/10011109343