Does the Better-Than-Average Effect Show That People Are Overconfident?: An Experiment.

We conduct a proper test of the claim that people are overconfident, in the sense that they believe that they are better than others. The results of the experiment we present do not allow us to reject the hypotheses that the data has been generated by perfectly rational, unbiased, and appropriately confident agents.

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Year of publication:	2009-02-02
Authors:	Benoît, Jean-Pierre ; Dubra, Juan ; Moore, Don

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Type of publication:	Book / Working Paper
Language:	English
Notes:	Benoît, Jean-Pierre and Dubra, Juan and Moore, Don (2009): Does the Better-Than-Average Effect Show That People Are Overconfident?: An Experiment.
Classification:	D11 - Consumer Economics: Theory ; D12 - Consumer Economics: Empirical Analysis ; D82 - Asymmetric and Private Information ; D83 - Search, Learning, Information and Knowledge
Source:	BASE

Persistent link: https://www.econbiz.de/10015215497