Learning about one’s own type in two-sided search
This paper is an analysis of a two-sided search model in which agents are vertically heterogeneous and some agents do not know their own types. Agents who do not know their own types update their beliefs about their own types through the offers or rejections that they receive from others. In the belief-updating process, an agent who is unsure of his or her own type frequently behaves as an over- or underconfident agent. In this paper, we show that this apparent over- or underconfidence influences both on the individual’s and other agents’ matching behaviors. We show, especially, that the apparent overconfidence of some agents prevents the lowest-type agents from matching in an equilibrium.
|Date of creation:||Dec 2010|
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- Benoît, Jean-Pierre & Dubra, Juan, 2008.
765, University Library of Munich, Germany.
- Benoît, Jean-Pierre & Dubra, Juan, 2007. "Overconfidence?," MPRA Paper 5505, University Library of Munich, Germany.
- Jean-Pierre Benoit & Juan Dubra, 2008. "Overconfidence," NajEcon Working Paper Reviews 122247000000002148, www.najecon.org.
- Benoît, Jean-Pierre & Dubra, Juan, 2007. "Overconfidence?," MPRA Paper 6017, University Library of Munich, Germany, revised Nov 2007.
- Benoît, Jean-Pierre & Dubra, Juan, 2008. "Overconfidence?," MPRA Paper 8879, University Library of Munich, Germany.
- Jean Pierre Benoit & Juan Dubra, 2008. "Overconfidence?," Levine's Working Paper Archive 122247000000002142, David K. Levine.
- Luís Santos-Pinto & Joel Sobel, 2005. "A Model of Positive Self-Image in Subjective Assessments," American Economic Review, American Economic Association, vol. 95(5), pages 1386-1402, December.
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