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
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	Overconfidence \| Better than Average \| Experimental Economics \| Irrationality \| Signalling Models

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Classification:	D11 - Consumer Economics: Theory ; D12 - Consumer Economics: Empirical Analysis ; D82 - Asymmetric and Private Information ; D83 - Search, Learning, Information and Knowledge
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005836357