We provide here an overall critical assessment of Behavioral Economics, and its historical role in the transformation of economics as a discipline. As a first step, necessary to give a proper evaluation of this role, we define and isolate its two faces, or versions: one exoteric, the other...

We test experimentally an explanation of over and under confidence as motivated by (perhaps unconscious) strategic concerns, and find compelling evidence supporting this hypothesis in the behavior of participants who send and respond to others ́statements of confidence about how well they have...