Overconfident behavior, the excessive willingness to bet on one’s performance, may be driven by optimistic beliefs and/or ambiguity attitudes. Separating these factors is key for understanding and correcting overconfident behavior, as they may call for different corrective actions. We present...

The Art of Behavioral Economics -- A short history of utility -- Utility in behavioral economics -- The methods of behavioral economics part 1: Experiments, field studies, and international comparisons -- The methods of behavioral economics part 2: Neuroeconomics, genoeconomics, and new...

This thesis deals with standard and behavioral perspectives on the role of expectations in individual decision making. Chapter 2 considers the influence of subjective expectations on insurance demand. The analysis takes a standard approach by arguing that the subjective risk assessment of the...