Extending choice in health care is currently popular amongst English, and other, politicians. Those promoting choice … choice acts as a major driver for efficiency. Giving service users the ability to choose applies competitive pressure to … subjects this assumption to the scrutiny provided by a review of the theoretical and empirical economic evidence on choice in …

Following extensive empirical evidence about ‘market anomalies’ and overconfidence, the analysis of financial markets … overconfidence. …

A tradition from Knight (1921) argues that more risk tolerant individuals are more likely to become entrepreneurs, but … perform worse. We test these predictions with two risk tolerance proxies: stock market participation and personal leverage … return on assets. The results are similar using personal leverage as risk tolerance proxy. We consider alternative …

hypothesis by correlating individual overconfidence scores with several measures of trading volume of individual investors … was designed to measure various facets of overconfidence (miscalibration, the better than average effect, illusion of … control, unrealistic optimism). The measures of trading volume were calculated by the trades of 215 individual investors who …

-resistant investment frenzies and subsequent deep crashes. In addition to collective illusions of control, the model accounts for the …

the future. We find that depending on the type of task either underconfidence (in probability estimates) or overconfidence … discriminability of the price path generating processes. Furthermore, we find that the degree of overconfidence in both tasks is …

and overconfidence. The expectations of optimistic agents are biased toward good outcomes, while overconfident agents … overestimate the precision of the signals that they receive. Both expectation shocks and overconfidence can increase business …