Grossman, Zachary; Owens, David - In: Journal of Economic Behavior & Organization 84 (2012) 2, pp. 510-524
feedback, participants in an experiment overestimate their own scores on a quiz and believe their feedback to be ‘unlucky … participants with the worst-calibrated beliefs. This suggests that social comparisons contribute to the biased response to feedback … on relative performance observed in other studies. While feedback improves performance estimates, this learning does not …