Overconfidence?
Author
Abstract
Suggested Citation
Download full text from publisher
Other versions of this item:
- Benoît, Jean-Pierre & Dubra, Juan, 2008. "Overconfidence?," MPRA Paper 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, 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.
References listed on IDEAS
- Camerer, Colin, "undated". "Progress and Behavioral Game Theory," Working Papers 1004, California Institute of Technology, Division of the Humanities and Social Sciences.
- Ledyard, John O., 1986.
"The scope of the hypothesis of Bayesian equilibrium,"
Journal of Economic Theory, Elsevier, vol. 39(1), pages 59-82, June.
- Ledyard, John O., "undated". "The Scope of the Hypothesis of Bayesian Equilibrium," Working Papers 532, California Institute of Technology, Division of the Humanities and Social Sciences.
- Ulrike Malmendier & Geoffrey Tate, 2005.
"CEO Overconfidence and Corporate Investment,"
Journal of Finance, American Finance Association, vol. 60(6), pages 2661-2700, December.
- Ulrike Malmendier & Geoffrey Tate, 2004. "CEO Overconfidence and Corporate Investment," NBER Working Papers 10807, National Bureau of Economic Research, Inc.
- Menkhoff, Lukas & Schmidt, Ulrich & Brozynski, Torsten, 2006.
"The impact of experience on risk taking, overconfidence, and herding of fund managers: Complementary survey evidence,"
European Economic Review, Elsevier, vol. 50(7), pages 1753-1766, October.
- Brozynski, Torsten & Menkhoff, Lukas & Schmidt, Ulrich, 2004. "The Impact of Experience on Risk Taking, Overconfidence, and Herding of Fund Managers: Complementary Survey Evidence," Hannover Economic Papers (HEP) dp-292, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
- Markus Noth & Martin Weber, 2003.
"Information Aggregation with Random Ordering: Cascades and Overconfidence,"
Economic Journal, Royal Economic Society, vol. 113(484), pages 166-189, January.
- Nöth, Markus & Weber, Martin, 2000. "Information aggregation with random ordering : cascades and overconficence," Papers 00-34, Sonderforschungsbreich 504.
- Nöth, Markus & Weber, Martin, 2000. "Information Aggregation with Random Ordering: Cascades and Overconfidence," Sonderforschungsbereich 504 Publications 00-34, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
- Markus Noeth & Martin Weber, 2000. "Information Aggregation with Random Ordering: Cascades and Overconfidence," Econometric Society World Congress 2000 Contributed Papers 1592, Econometric Society.
- Chuang, Wen-I & Lee, Bong-Soo, 2006. "An empirical evaluation of the overconfidence hypothesis," Journal of Banking & Finance, Elsevier, vol. 30(9), pages 2489-2515, September.
- Ján Zábojník, 2004. "A model of rational bias in self-assessments," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 23(2), pages 259-282, January.
- Diego García & Francesco Sangiorgi & Branko Urošević, 2007.
"Overconfidence and Market Efficiency with Heterogeneous Agents,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 30(2), pages 313-336, February.
- Diego Garcia & Francesco Sangiorgi & Branko Urosevic, 2004. "Overconfidence and market efficiency with heterogeneous agents," Economics Working Papers 786, Department of Economics and Business, Universitat Pompeu Fabra.
- Diego Garcia & Francesco Sangiorgi & Branko Urosevic, 2005. "Overconfidence and Market Efficiency with Heterogeneous Agents," Carlo Alberto Notebooks 11, Collegio Carlo Alberto.
- Antonio E. Bernardo & Ivo Welch, 2001.
"On the Evolution of Overconfidence and Entrepreneurs,"
Journal of Economics & Management Strategy, Wiley Blackwell, vol. 10(3), pages 301-330, September.
- Bernardo, Antonio & Welch, Ivo, 1997. "On the Evolution of Overconfidence and Entrepreneurs," University of California at Los Angeles, Anderson Graduate School of Management qt6668s4pz, Anderson Graduate School of Management, UCLA.
- Antonio E. Bernardo & Ivo Welch, 2001. "On the Evolution of Overconfidence and Entrepreneurs," Cowles Foundation Discussion Papers 1307, Cowles Foundation for Research in Economics, Yale University.
- Antonio Bernardo & Ivo Welch, 2001. "On the Evolution of Overconfidence and Entrepreneurs," Yale School of Management Working Papers ysm211, Yale School of Management, revised 01 Nov 2003.
- Brad M. Barber & Terrance Odean, 2001. "Boys will be Boys: Gender, Overconfidence, and Common Stock Investment," The Quarterly Journal of Economics, Oxford University Press, vol. 116(1), pages 261-292.
- Wang, F. Albert, 2001. "Overconfidence, Investor Sentiment, and Evolution," Journal of Financial Intermediation, Elsevier, vol. 10(2), pages 138-170, April.
- Roland Bénabou & Jean Tirole, 2002. "Self-Confidence and Personal Motivation," The Quarterly Journal of Economics, Oxford University Press, vol. 117(3), pages 871-915.
- Colin F. Camerer, 1997. "Progress in Behavioral Game Theory," Journal of Economic Perspectives, American Economic Association, vol. 11(4), pages 167-188, Fall.
- Peng, Lin & Xiong, Wei, 2006.
"Investor attention, overconfidence and category learning,"
Journal of Financial Economics, Elsevier, vol. 80(3), pages 563-602, June.
- Lin Peng & Wei Xiong, 2005. "Investor Attention: Overconfidence and Category Learning," NBER Working Papers 11400, National Bureau of Economic Research, Inc.
- Jose A. Scheinkman & Wei Xiong, 2003. "Overconfidence and Speculative Bubbles," Journal of Political Economy, University of Chicago Press, vol. 111(6), pages 1183-1219, December.
- Kent D. Daniel & David Hirshleifer & Avanidhar Subrahmanyam, 2001. "Overconfidence, Arbitrage, and Equilibrium Asset Pricing," Journal of Finance, American Finance Association, vol. 56(3), pages 921-965, June.
- 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.
- Alvaro Sandroni & Francesco Squintani, 2007.
"Overconfidence, Insurance, and Paternalism,"
American Economic Review, American Economic Association, vol. 97(5), pages 1994-2004, December.
- Sandroni, Alvaro & Squintani, Francesco, 2007. "Overconfidence, Insurance and Paternalism," Economics Discussion Papers 8914, University of Essex, Department of Economics.
- Eric Van den Steen, 2004. "Rational Overoptimism (and Other Biases)," American Economic Review, American Economic Association, vol. 94(4), pages 1141-1151, September.
- Erik Hoelzl & Aldo Rustichini, 2005. "Overconfident: Do You Put Your Money On It?," Economic Journal, Royal Economic Society, vol. 115(503), pages 305-318, April.
- Moore, Don A., 2007. "Not so above average after all: When people believe they are worse than average and its implications for theories of bias in social comparison," Organizational Behavior and Human Decision Processes, Elsevier, vol. 102(1), pages 42-58, January.
- Dan Lovallo & Colin Camerer, 1999. "Overconfidence and Excess Entry: An Experimental Approach," American Economic Review, American Economic Association, vol. 89(1), pages 306-318, March.
- Botond Köszegi, 2006. "Ego Utility, Overconfidence, and Task Choice," Journal of the European Economic Association, MIT Press, vol. 4(4), pages 673-707, June.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Herz, Holger & Schunk, Daniel & Zehnder, Christian, 2014.
"How do judgmental overconfidence and overoptimism shape innovative activity?,"
Games and Economic Behavior, Elsevier, vol. 83(C), pages 1-23.
- Holger Herz & Daniel Schunk & Christian Zehnder, 2013. "How Do Judgmental Overconfidence and Overoptimism Shape Innovative Activity?," CESifo Working Paper Series 4084, CESifo.
- Holger Herz & Daniel Schunk & Christian Zehnder, 2013. "How do judgmental overconfidence and overoptimism shape innovative activity?," ECON - Working Papers 106, Department of Economics - University of Zurich, revised Nov 2013.
- Markus M. Mobius & Muriel Niederle & Paul Niehaus & Tanya S. Rosenblat, 2011.
"Managing Self-Confidence: Theory and Experimental Evidence,"
NBER Working Papers
17014, National Bureau of Economic Research, Inc.
- Markus M. Mobius & Muriel Niederle & Paul Niehaus & Tanya Rosenblat, 2011. "Managing self-confidence: theory and experimental evidence," Working Papers 11-14, Federal Reserve Bank of Boston.
- Jean‐Pierre Benoît & Juan Dubra, 2011.
"Apparent Overconfidence,"
Econometrica, Econometric Society, vol. 79(5), pages 1591-1625, September.
- Juan Dubra & Jean-Pierre Benoit, 2011. "Apparent Overconfidence," Documentos de Trabajo/Working Papers 1106, Facultad de Ciencias Empresariales y Economia. Universidad de Montevideo..
- Ravazzolo, Francesco & Røisland, Øistein, 2011. "Why do people place lower weight on advice far from their own initial opinion?," Economics Letters, Elsevier, vol. 112(1), pages 63-66, July.
- Nestor Gandelman & Ruben Hernandez-Murillo, 2009. "The impact of inflation and unemployment on subjective personal and country evaluations," Review, Federal Reserve Bank of St. Louis, vol. 91(May), pages 107-126.
- Ertac, Seda, 2011. "Does self-relevance affect information processing? Experimental evidence on the response to performance and non-performance feedback," Journal of Economic Behavior & Organization, Elsevier, vol. 80(3), pages 532-545.
- Grieco, Daniela & Hogarth, Robin M., 2009. "Overconfidence in absolute and relative performance: The regression hypothesis and Bayesian updating," Journal of Economic Psychology, Elsevier, vol. 30(5), pages 756-771, October.
- Juan Dubra & Rafael Di Tella, 2011.
"Free to Punish? The American Dream and the harsh Treatment of Criminals,"
Documentos de Trabajo/Working Papers
1105, Facultad de Ciencias Empresariales y Economia. Universidad de Montevideo..
- Rafael Di Tella & Juan Dubra, 2011. "Free to Punish? The American Dream and the Harsh Treatment of Criminals," NBER Working Papers 17309, National Bureau of Economic Research, Inc.
- Merkle, Christoph & Weber, Martin, 2011. "True overconfidence: The inability of rational information processing to account for apparent overconfidence," Organizational Behavior and Human Decision Processes, Elsevier, vol. 116(2), pages 262-271.
- Cruces, Guillermo & Perez-Truglia, Ricardo & Tetaz, Martin, 2013.
"Biased perceptions of income distribution and preferences for redistribution: Evidence from a survey experiment,"
Journal of Public Economics, Elsevier, vol. 98(C), pages 100-112.
- Cruces, Guillermo & Perez Truglia, Ricardo & Tetaz, Martin, 2011. "Biased Perceptions of Income Distribution and Preferences for Redistribution: Evidence from a Survey Experiment," IZA Discussion Papers 5699, Institute of Labor Economics (IZA).
- Guillermo Cruces & Ricardo Pérez Truglia & Martín Tetaz, 2012. "Biased Perceptions of Income Distribution and Preferences for Redistribution: Evidence from a Survey Experiment," CEDLAS, Working Papers 0138, CEDLAS, Universidad Nacional de La Plata.
- Benoît, Jean-Pierre & Dubra, Juan & Moore, Don, 2009. "Does the Better-Than-Average Effect Show That People Are Overconfident?: An Experiment," MPRA Paper 13168, University Library of Munich, Germany.
- Akiko Maruyama, 2010. "Learning about one’s own type in two-sided search," GRIPS Discussion Papers 10-26, National Graduate Institute for Policy Studies.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Jean-Pierre Benoît & Juan Dubra & Don A. Moore, 2015.
"Does The Better-Than-Average Effect Show That People Are Overconfident?: Two Experiments,"
Journal of the European Economic Association, European Economic Association, vol. 13(2), pages 293-329, April.
- Benoît, Jean-Pierre & Dubra, Juan & Moore, Don, 2009. "Does the Better-Than-Average Effect Show That People Are Overconfident?: Two Experiments," MPRA Paper 44956, University Library of Munich, Germany, revised 11 Mar 2013.
- Jean-Pierre Benoit & Juan Dubra & Don Moore, 2013. "Does the better –than- average effect show that people are Overconfident?: two experiments," Documentos de Trabajo/Working Papers 1301, Facultad de Ciencias Empresariales y Economia. Universidad de Montevideo..
- Benoît, Jean-Pierre & Dubra, Juan & Moore, Don, 2009. "Does the Better-Than-Average Effect Show That People Are Overconfident?: An Experiment," MPRA Paper 13168, University Library of Munich, Germany.
- Hestermann, Nina & Le Yaouanq, Yves, 2018.
"It\'s not my Fault! Self-Confidence and Experimentation,"
Rationality and Competition Discussion Paper Series
124, CRC TRR 190 Rationality and Competition.
- Nina Hestermann & Yves Le Yaouanq, 2019. "It's not my Fault! Self-Confidence and Experimentation," CESifo Working Paper Series 7501, CESifo.
- Jean‐Pierre Benoît & Juan Dubra, 2011.
"Apparent Overconfidence,"
Econometrica, Econometric Society, vol. 79(5), pages 1591-1625, September.
- Juan Dubra & Jean-Pierre Benoit, 2011. "Apparent Overconfidence," Documentos de Trabajo/Working Papers 1106, Facultad de Ciencias Empresariales y Economia. Universidad de Montevideo..
- Heger, Stephanie A. & Papageorge, Nicholas W., 2018. "We should totally open a restaurant: How optimism and overconfidence affect beliefs," Journal of Economic Psychology, Elsevier, vol. 67(C), pages 177-190.
- Michailova, Julija, 2010.
"Development of the overconfidence measurement instrument for the economic experiment,"
MPRA Paper
34799, University Library of Munich, Germany, revised Nov 2011.
- Michailova, Julija & Katter, Joana K. Q., 2013. "Thoughts on quantifying overconfidence in economic experiments," MPRA Paper 44399, University Library of Munich, Germany.
- Michailova, Julija & Katter, Joana K. Q., 2013. "Thoughts on quantifying overconfidence in economic experiments," MPRA Paper 53112, University Library of Munich, Germany, revised Jan 2014.
- Michailova, Julija, 2010. "Development of the overconfidence measurement instrument for the economic experiment," MPRA Paper 26384, University Library of Munich, Germany.
- Merkle, Christoph & Weber, Martin, 2011. "True overconfidence: The inability of rational information processing to account for apparent overconfidence," Organizational Behavior and Human Decision Processes, Elsevier, vol. 116(2), pages 262-271.
- Sandroni, Alvaro & Squintani, Francesco, 2013. "Overconfidence and asymmetric information: The case of insurance," Journal of Economic Behavior & Organization, Elsevier, vol. 93(C), pages 149-165.
- Laura Abrardi & Luca Colombo & Piero Tedeschi, 2019. "The Gains of Ignoring Risk: Insurance with Better Informed Principals," DISCE - Working Papers del Dipartimento di Economia e Finanza def084, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
- Jonathan F Schulz & Christian Thöni, 2016.
"Overconfidence and Career Choice,"
PLOS ONE, Public Library of Science, vol. 11(1), pages 1-8, January.
- Jonathan Schulz & Christian Thoeni, 2014. "Overconfidence and career choice," Discussion Papers 2014-15, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.
- de la Rosa, Leonidas Enrique, 2011.
"Overconfidence and moral hazard,"
Games and Economic Behavior, Elsevier, vol. 73(2), pages 429-451.
- Leonidas Enrique de la Rosa, 2007. "Overconfidence and Moral Hazard," Economics Working Papers 2007-08, Department of Economics and Business Economics, Aarhus University.
- Danková, Katarína & Servátka, Maroš, 2019.
"Gender robustness of overconfidence and excess entry,"
Journal of Economic Psychology, Elsevier, vol. 72(C), pages 179-199.
- Danková, Katarína & Servátka, Maroš, 2018. "Gender Robustness of Overconfidence and Excess Entry," MPRA Paper 87147, University Library of Munich, Germany.
- Caliendo, Frank & Huang, Kevin X.D., 2008.
"Overconfidence and consumption over the life cycle,"
Journal of Macroeconomics, Elsevier, vol. 30(4), pages 1347-1369, December.
- Frank Caliendo & Kevin X.D. Huang, 2007. "Overconfidence and Consumption over the Life Cycle," Vanderbilt University Department of Economics Working Papers 0712, Vanderbilt University Department of Economics.
- Helen X. H. Bao & Steven Haotong Li, 2016. "Overconfidence And Real Estate Research: A Survey Of The Literature," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 61(04), pages 1-24, September.
- Fischer, Mira & Wagner, Valentin, 2019. "Effects of Timing and Reference Frame of Feedback," Rationality and Competition Discussion Paper Series 150, CRC TRR 190 Rationality and Competition.
- Benigno, Pierpaolo & Karantounias, Anastasios G., 2019.
"Overconfidence, subjective perception and pricing behavior,"
Journal of Economic Behavior & Organization, Elsevier, vol. 164(C), pages 107-132.
- Pierpaolo Benigno & Anastasios Karantounias, 2006. "Overconfidence, Subjective Perception and Pricing Behavior," NBER Working Papers 11922, National Bureau of Economic Research, Inc.
- Pierpaolo Benigno & Anastasios G. Karantounias, 2017. "Overconfidence, Subjective Perception, and Pricing Behavior," FRB Atlanta Working Paper 2017-14, Federal Reserve Bank of Atlanta.
- Hendrik Hakenes & Svetlana Katolnik, 2018. "Optimal Team Size and Overconfidence," Group Decision and Negotiation, Springer, vol. 27(4), pages 665-687, August.
- Barron, Kai & Gravert, Christina, 2018.
"Confidence and Career Choices: An Experiment,"
Working Papers in Economics
715, University of Gothenburg, Department of Economics.
- Barron, Kai & Gravert, Christina, 2019. "Confidence and Career Choices: An Experiment," Rationality and Competition Discussion Paper Series 169, CRC TRR 190 Rationality and Competition.
- Barron, Kai & Gravert, Christina, 2018. "Confidence and career choices: An experiment," Discussion Papers, Research Unit: Economics of Change SP II 2018-301, WZB Berlin Social Science Center.
- Barron, Kai & Gravert, Christina, 2019. "Confidence and career choices: An experiment," Discussion Papers, Research Unit: Economics of Change SP II 2018-301r, WZB Berlin Social Science Center.
- Barron, Kai & Gravert, Christina, 2020. "Confidence and career choices: An experiment," Discussion Papers, Research Unit: Economics of Change SP II 2018-301r2, WZB Berlin Social Science Center.
- Chen, Weiwei & Grove, Wayne A. & Hussey, Andrew, 2017. "The role of confidence and noncognitive skills for post-baccalaureate academic and labor market outcomes," Journal of Economic Behavior & Organization, Elsevier, vol. 138(C), pages 10-29.
- Fischer, Mira & Wagner, Valentin, 2018.
"Effects of timing and reference frame of feedback: Evidence from a field experiment,"
Discussion Papers, Research Unit: Market Behavior
SP II 2018-206, WZB Berlin Social Science Center.
- Mira Fischer & Valentin Wagner, 2018. "Effects of Timing and Reference Frame of Feedback: Evidence from a Field Experiment," Working Papers 1820, Gutenberg School of Management and Economics, Johannes Gutenberg-Universität Mainz.
- Fischer, Mira & Wagner, Valentin, 2018. "Effects of Timing and Reference Frame of Feedback: Evidence from a Field Experiment," IZA Discussion Papers 11970, Institute of Labor Economics (IZA).
More about this item
Keywords
Overconfidence; Better than Average; Experiments; Irrationality; Signalling Models;JEL classification:
- D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
- D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
- D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:6017. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Joachim Winter). General contact details of provider: http://edirc.repec.org/data/vfmunde.html .
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.