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Cognitive uncertainty and overconfidence
Amelio, Andrea - 2022
Overconfidence is one of the most ubiquitous cognitive bias. There is copious evidence of overconfidence being relevant … overconfidence. Cognitive uncertainty represents a decision maker's uncertainty about her action optimality. We present a simple … model of overconfidence based on the concept of cognitive uncertainty. The model relates the concepts theoretically and …
Persistent link: https://www.econbiz.de/10013339105
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Cognitive uncertainty and overconfidence
Amelio, Andrea - 2022
Overconfidence is one of the most ubiquitous cognitive bias. There is copious evidence of overconfidence being relevant … overconfidence. Cognitive uncertainty represents a decision maker's uncertainty about her action optimality. We present a simple … model of overconfidence based on the concept of cognitive uncertainty. The model relates the concepts theoretically and …
Persistent link: https://www.econbiz.de/10013257953
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Correlation Neglect in Belief Formation
Enke, Benjamin; Zimmermann, Florian - 2013
Many information structures generate correlated rather than mutually independent signals, the news media being a prime example. This paper shows experimentally that in such context many people neglect these correlations in the updating process and treat correlated information as independent. In...
Persistent link: https://www.econbiz.de/10010312978
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Correlation Neglect in Belief Formation
Enke, Benjamin; Zimmermann, Florian - University of Bonn, Germany - 2013
Many information structures generate correlated rather than mutually independent signals, the news media being a prime example. This paper shows experimentally that in such context many people neglect these correlations in the updating process and treat correlated information as independent. In...
Persistent link: https://www.econbiz.de/10010895827
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Correlation neglect in belief formation
Enke, Benjamin; Zimmermann, Florian - 2013
Many information structures generate correlated rather than mutually independent signals, the news media being a prime example. This paper shows experimentally that in such context many people neglect these correlations in the updating process and treat correlated information as independent. In...
Persistent link: https://www.econbiz.de/10009748615
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Correlation neglect in belief formation : conference paper
Enke, Benjamin; Zimmermann, Florian - 2013
A frequent feature of information structures is that they generate signals which are not mutually independent, but rather rely on a common set of underlying information. Using a simple experimental design, we show that in such contexts many people neglect correlations in the updating process,...
Persistent link: https://www.econbiz.de/10010339934
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Overconfidence?
Benoît, Jean-Pierre; Dubra, Juan - Volkswirtschaftliche Fakultät, … - 2007
Many studies have shown that people display an apparent overconfidence. In particular, it is common for a majority of …
Persistent link: https://www.econbiz.de/10005619433
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Overconfidence?
Benoît, Jean-Pierre; Dubra, Juan - Volkswirtschaftliche Fakultät, … - 2008
Many studies have shown that people display an apparent overconfidence. In particular, it is common for a majority of …
Persistent link: https://www.econbiz.de/10005836953
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Equity versus Efficiency?– Evidence from Three-Person Generosity Experiments –
Güth, Werner; Pull, Kerstin; Stadler, Manfred; … - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2010
In two-person generosity games the proposer's agreement payoffis exogenously given whereas that of the responder is endogenouslydetermined by the proposer's choice of the pie size. Earlier resultsfor two-person generosity games show that participants seem to caremore for eciency than for equity....
Persistent link: https://www.econbiz.de/10005870886
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Can Personality Explain what is Underlying Women's Unwillingness to Compete?
Müller, Julia; Schwieren, Christiane - Alfred-Weber-Institut für Sozial- und … - 2011
There is ample evidence that women do not react to competition as mendo and are less willing to enter a competition than men (e.g., Gneezy et al.(2003), Niederle and Vesterlund (2007)). In this paper, we use personalityvariables toto understand the underlying motives of women (and men) toenter a...
Persistent link: https://www.econbiz.de/10009248986