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Self-Assessment: The Role of the Social Environment

Author

Listed:
  • Falk, Armin

    (University of Bonn)

  • Kosse, Fabian

    (LMU Munich)

  • Schildberg-Hörisch, Hannah

    (University of Düsseldorf)

  • Zimmermann, Florian

    (University of Bonn)

Abstract

This study presents descriptive and causal evidence on the role of the social environment in shaping the accuracy of self-assessment. We introduce a novel incentivized measurement tool to measure the accuracy of self-assessment among children and use this tool to show that children from high socioeconomic status (SES) families are more accurate in their self-assessment, compared to children from low SES families. To move beyond correlational evidence, we then exploit the exogenous variation of participation in a mentoring program designed to enrich the social environment of children. We document that the mentoring program has a causal positive effect on the accuracy of children's self-assessment. Finally, we show that the mentoring program is most effective for children whose parents provide few social and interactive activities for their children.

Suggested Citation

  • Falk, Armin & Kosse, Fabian & Schildberg-Hörisch, Hannah & Zimmermann, Florian, 2020. "Self-Assessment: The Role of the Social Environment," Rationality and Competition Discussion Paper Series 244, CRC TRR 190 Rationality and Competition.
    • Handle: RePEc:rco:dpaper:244
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    Cited by:

    1. is not listed on IDEAS
    2. Roy-Chowdhury, V., 2022. "Self-Confidence and Motivated Memory Loss: Evidence from Schools," Cambridge Working Papers in Economics 2213, Faculty of Economics, University of Cambridge.
    3. Rafael Quintana & Soojin Park & Suyeon Kang, 2025. "Causal decomposition analysis in disparities research: investigating the effect of self-efficacy on the gender gap in STEM," Quality & Quantity: International Journal of Methodology, Springer, vol. 59(4), pages 3327-3351, August.
    4. Hakimov, Rustamdjan & Schmacker, Renke & Terrier, Camille, 2022. "Confidence and college applications: Evidence from a randomized intervention," Discussion Papers, Research Unit: Market Behavior SP II 2022-209, WZB Berlin Social Science Center.
    5. Rustamdjan Hakimov & Renke Schmacker & Camille Terrier, 2023. "Confidence and College Applications: Evidence from a Randomized Intervention," Working Papers 962, Queen Mary University of London, School of Economics and Finance.
    6. Eva M. Berger & Ernst Fehr & Henning Hermes & Daniel Schunk & Kirsten Winkel, 2025. "The Impact of Working-Memory Training on Children’s Cognitive and Noncognitive Skills," Journal of Political Economy, University of Chicago Press, vol. 133(2), pages 492-521.
    7. Sharma, Karmini & Castagnetti, Alessandro, 2023. "Demand for information by gender: An experimental study," Journal of Economic Behavior & Organization, Elsevier, vol. 207(C), pages 172-202.

    More about this item

    Keywords

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    JEL classification:

    • D03 - Microeconomics - - General - - - Behavioral Microeconomics: Underlying Principles
    • C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
    • C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
    • I24 - Health, Education, and Welfare - - Education - - - Education and Inequality

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