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True overconfidence, revealed through actions

an experiment

Stephen L. Cheung (The University of Sydney and IZA), Lachlan Johnstone (The University of Sydney) ; IZA, Institute of Labor Economics

We report an experiment that infers true overconfidence in relative ability through actions, as opposed to reported beliefs. Subjects choose how to invest earnings from a skill task when the returns depend solely upon risk, or both risk and relative placement, enabling joint estimation of individual...

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Bibliographic details
Main Author: Cheung, Stephen L
Johnstone, Lachlan
Format: eBook
Language: English
Related: Forschungsinstitut zur Zukunft der Arbeit ¬[Herausgebendes Organ]
Ort : Verlag : ErscheinungsdatumBonn, Germany : IZA Institute of Labor Economics : February 2017
Extent: 1 Online-Ressource (45 Seiten) : Diagramme
Umfang: (Dateityp; Kodierungsformat)Textdatei; PDF
Series: IZA DP ; no. 10545
Links: Fulltext
HBZ-ID: HT019252748 » further libraries in North Rhine-Westphalia
Database: ULB Bonn