Estimating the relationship between skill and overconfidence
Author
Abstract
Suggested Citation
DOI: 10.26481/umaror.2017003
Download full text from publisher
Other versions of this item:
- Feld, Jan & Sauermann, Jan & de Grip, Andries, 2017. "Estimating the relationship between skill and overconfidence," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 68(C), pages 18-24.
- Feld, Jan & Sauermann, Jan & De Grip, Andries, 2015. "Estimating the Relationship between Skill and Overconfidence," Working Papers in Economics 627, University of Gothenburg, Department of Economics.
- Feld, Jan & Sauermann, Jan & de Grip, Andries, 2017. "Estimating the Relationship between Skill and Overconfidence," Research Memorandum 005, Maastricht University, Graduate School of Business and Economics (GSBE).
- Feld, Jan & Sauermann, Jan & de Grip, Andries, 2017. "Estimating the Relationship between Skill and Overconfidence," IZA Discussion Papers 10611, Institute of Labor Economics (IZA).
- Feld, Jan & Sauermann, Jan & De Grip, Andries, 2017. "Estimating the relationship between skill and overconfidence," Working Paper Series 20145, Victoria University of Wellington, School of Economics and Finance.
References listed on IDEAS
- Krajc, Marian & Ortmann, Andreas, 2008.
"Are the unskilled really that unaware? An alternative explanation,"
Journal of Economic Psychology, Elsevier, vol. 29(5), pages 724-738, November.
- Marian Krajc & Andreas Ortmann, 2007. "Are the Unskilled Really That Unaware? An alternative explanation," CERGE-EI Working Papers wp325, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
- Ehrlinger, Joyce & Johnson, Kerri & Banner, Matthew & Dunning, David & Kruger, Justin, 2008. "Why the unskilled are unaware: Further explorations of (absent) self-insight among the incompetent," Organizational Behavior and Human Decision Processes, Elsevier, vol. 105(1), pages 98-121, January.
- Jan Feld & Nicolás Salamanca & Daniel S. Hamermesh, 2016.
"Endophilia or Exophobia: Beyond Discrimination,"
Economic Journal, Royal Economic Society, vol. 126(594), pages 1503-1527, August.
- Jan Feld & Nicolás Salamanca & Daniel S. Hamermesh, 2013. "Endophilia or Exophobia: Beyond Discrimination," NBER Working Papers 19471, National Bureau of Economic Research, Inc.
- Feld, J.F. & Salamanca Acosta, N. & Hamermesh, D., 2013. "Endophilia or exophobia: beyond discrimination," Research Memorandum 026, Maastricht University, Graduate School of Business and Economics (GSBE).
- Feld, Jan & Salamanca, Nicolás & Hamermesh, Daniel S., 2013. "Endophilia or Exophobia: Beyond Discrimination," IZA Discussion Papers 7380, Institute of Labor Economics (IZA).
- Feld, Jan & Salamanca, Nicolás & Hamermesh, Daniel S., 2014. "Endophilia or Exophobia: Beyond Discrimination," Working Papers in Economics 593, University of Gothenburg, Department of Economics, revised Mar 2015.
- Feld, J.F. & Salamanca Acosta, N. & Hamermesh, D., 2013. "Endophilia or exophobia: beyond discrimination," ROA Research Memorandum 008, Maastricht University, Research Centre for Education and the Labour Market (ROA).
- Jan Feld & Ulf Zölitz, 2017.
"Understanding Peer Effects: On the Nature, Estimation, and Channels of Peer Effects,"
Journal of Labor Economics, University of Chicago Press, vol. 35(2), pages 387-428.
- Feld, Jan & Zölitz, Ulf, 2014. "Understanding Peer Effects: On the Nature, Estimation and Channels of Peer Effects," Working Papers in Economics 596, University of Gothenburg, Department of Economics, revised Oct 2015.
- Feld, Jan & Zölitz, Ulf, 2015. "Understanding Peer Effects: On the Nature, Estimation and Channels of Peer Effects," Working Paper Series 19358, Victoria University of Wellington, School of Economics and Finance.
- Feld, J.F. & Zölitz, U.N., 2016. "Understanding peer effects : on the nature, estimation and channels of peer effects," ROA Research Memorandum 001, Maastricht University, Research Centre for Education and the Labour Market (ROA).
- Feld, J.F. & Zölitz, U.N., 2016. "Understanding peer effects - On the nature, estimation and channels of peer effects," Research Memorandum 002, Maastricht University, Graduate School of Business and Economics (GSBE).
- Feld, Jan & Zölitz, Ulf, 2015. "Understanding Peer Effects: On the Nature, Estimation and Channels of Peer Effects," IZA Discussion Papers 9448, Institute of Labor Economics (IZA).
- Feld, Jan & Sauermann, Jan & de Grip, Andries, 2017.
"Estimating the relationship between skill and overconfidence,"
Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 68(C), pages 18-24.
- Feld, Jan & Sauermann, Jan & De Grip, Andries, 2015. "Estimating the Relationship between Skill and Overconfidence," Working Papers in Economics 627, University of Gothenburg, Department of Economics.
- Feld, Jan & Sauermann, Jan & de Grip, Andries, 2017. "Estimating the Relationship between Skill and Overconfidence," Research Memorandum 005, Maastricht University, Graduate School of Business and Economics (GSBE).
- Feld, Jan & Sauermann, Jan & de Grip, Andries, 2017. "Estimating the Relationship between Skill and Overconfidence," IZA Discussion Papers 10611, Institute of Labor Economics (IZA).
- Feld, Jan & Sauermann, Jan & de Grip, Andries, 2017. "Estimating the relationship between skill and overconfidence," ROA Research Memorandum 003, Maastricht University, Research Centre for Education and the Labour Market (ROA).
- Feld, Jan & Sauermann, Jan & De Grip, Andries, 2017. "Estimating the relationship between skill and overconfidence," Working Paper Series 20145, Victoria University of Wellington, School of Economics and Finance.
- Schlösser, Thomas & Dunning, David & Johnson, Kerri L. & Kruger, Justin, 2013. "How unaware are the unskilled? Empirical tests of the “signal extraction” counterexplanation for the Dunning–Kruger effect in self-evaluation of performance," Journal of Economic Psychology, Elsevier, vol. 39(C), pages 85-100.
- 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.
- Ryvkin, Dmitry & Krajč, Marian & Ortmann, Andreas, 2012. "Are the unskilled doomed to remain unaware?," Journal of Economic Psychology, Elsevier, vol. 33(5), pages 1012-1031.
- Marian Krajc, 2008. "Are the Unskilled Really That Unaware? Understanding Seemingly Biased Self-Assessments," CERGE-EI Working Papers wp373, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
- 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.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Feld, Jan & Sauermann, Jan & de Grip, Andries, 2017.
"Estimating the relationship between skill and overconfidence,"
Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 68(C), pages 18-24.
- Feld, Jan & Sauermann, Jan & De Grip, Andries, 2015. "Estimating the Relationship between Skill and Overconfidence," Working Papers in Economics 627, University of Gothenburg, Department of Economics.
- Feld, Jan & Sauermann, Jan & de Grip, Andries, 2017. "Estimating the Relationship between Skill and Overconfidence," IZA Discussion Papers 10611, Institute of Labor Economics (IZA).
- Feld, Jan & Sauermann, Jan & de Grip, Andries, 2017. "Estimating the relationship between skill and overconfidence," ROA Research Memorandum 003, Maastricht University, Research Centre for Education and the Labour Market (ROA).
- Feld, Jan & Sauermann, Jan & de Grip, Andries, 2017. "Estimating the Relationship between Skill and Overconfidence," Research Memorandum 005, Maastricht University, Graduate School of Business and Economics (GSBE).
- Feld, Jan & Sauermann, Jan & De Grip, Andries, 2017. "Estimating the relationship between skill and overconfidence," Working Paper Series 20145, Victoria University of Wellington, School of Economics and Finance.
- Gerardo Sabater-Grande & Nikolaos Georgantzís & Noemí Herranz-Zarzoso, 2023.
"Goals and guesses as reference points: a field experiment on student performance,"
Theory and Decision, Springer, vol. 94(2), pages 249-274, February.
- Gerardo Sabater-Grande & Nikolaos Georgantzís & Noemí Herranz-Zarzoso, 2021. "Goals and guesses as reference points: A field experiment on student performance," Working Papers 2021/14, Economics Department, Universitat Jaume I, Castellón (Spain).
- Yao, Zheying & Rabbani, Abed G., 2021. "Association between investment risk tolerance and portfolio risk: The role of confidence level," Journal of Behavioral and Experimental Finance, Elsevier, vol. 30(C).
- Miklánek, Tomáš & Zajíček, Miroslav, 2020.
"Personal traits and trading in an experimental asset market,"
Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 86(C).
- Tomas Miklanek & Miroslav Zajicek, 2020. "Personal Traits and Trading in an Experimental Asset Market," CERGE-EI Working Papers wp654, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
- Bonaccorsi, Andrea & Apreda, Riccardo & Fantoni, Gualtiero, 2020. "Expert biases in technology foresight. Why they are a problem and how to mitigate them," Technological Forecasting and Social Change, Elsevier, vol. 151(C).
- Wookjae Heo & Abed G. Rabbani & Jae Min Lee, 2021. "Mediation between financial risk tolerance and equity ownership: assessing the role of financial knowledge underconfidence," Journal of Financial Services Marketing, Palgrave Macmillan, vol. 26(3), pages 169-180, September.
- Yomna Atef Ahmed & ElHassan Anas ElSabry, 2024. "Evaluating the Performance of Foresight Studies: Evidence from the Egyptian Energy Sector," Foresight and STI Governance (Foresight-Russia till No. 3/2015), National Research University Higher School of Economics, vol. 18(1), pages 69-79.
- Gignac, Gilles E., 2024. "Rethinking the Dunning-Kruger effect: Negligible influence on a limited segment of the population," Intelligence, Elsevier, vol. 104(C).
- Kovacs, Roxanne J. & Lagarde, Mylene & Cairns, John, 2020. "Overconfident health workers provide lower quality healthcare," Journal of Economic Psychology, Elsevier, vol. 76(C).
- Feld, Jan & Sauermann, Jan & de Grip, Andries, 2017.
"Estimating the relationship between skill and overconfidence,"
Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 68(C), pages 18-24.
- Feld, Jan & Sauermann, Jan & De Grip, Andries, 2015. "Estimating the Relationship between Skill and Overconfidence," Working Papers in Economics 627, University of Gothenburg, Department of Economics.
- Feld, Jan & Sauermann, Jan & De Grip, Andries, 2017. "Estimating the relationship between skill and overconfidence," Working Paper Series 6170, Victoria University of Wellington, School of Economics and Finance.
- Feld, Jan & Sauermann, Jan & de Grip, Andries, 2017. "Estimating the Relationship between Skill and Overconfidence," IZA Discussion Papers 10611, Institute of Labor Economics (IZA).
- Feld, Jan & Sauermann, Jan & de Grip, Andries, 2017. "Estimating the relationship between skill and overconfidence," ROA Research Memorandum 003, Maastricht University, Research Centre for Education and the Labour Market (ROA).
- Feld, Jan & Sauermann, Jan & de Grip, Andries, 2017. "Estimating the Relationship between Skill and Overconfidence," Research Memorandum 005, Maastricht University, Graduate School of Business and Economics (GSBE).
- Ramzi Boussaidi, 2022. "Implications of the overconfidence bias in presence of private information: Evidence from MENA stock markets," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 27(3), pages 3660-3678, July.
- Noemí Herranz-Zarzoso & Gerardo Sabater-Grande, 2020. "Monetary incentives and overconfidence in academic performance: An experimental study," Working Papers 2020/14, Economics Department, Universitat Jaume I, Castellón (Spain).
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.- Brookins, Philip & Lucas, Adriana & Ryvkin, Dmitry, 2014.
"Reducing within-group overconfidence through group identity and between-group confidence judgments,"
Journal of Economic Psychology, Elsevier, vol. 44(C), pages 1-12.
- Philip Brookins & Adriana Lucas & Dmitry Ryvkin, 2014. "Reducing within-group overconfidence through group identity and between-group confidence judgments," Working Papers wp2014_02_01, Department of Economics, Florida State University, revised Feb 2014.
- Feld, Jan & Sauermann, Jan & de Grip, Andries, 2017.
"Estimating the relationship between skill and overconfidence,"
Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 68(C), pages 18-24.
- Feld, Jan & Sauermann, Jan & De Grip, Andries, 2015. "Estimating the Relationship between Skill and Overconfidence," Working Papers in Economics 627, University of Gothenburg, Department of Economics.
- Feld, Jan & Sauermann, Jan & De Grip, Andries, 2017. "Estimating the relationship between skill and overconfidence," Working Paper Series 6170, Victoria University of Wellington, School of Economics and Finance.
- Feld, Jan & Sauermann, Jan & de Grip, Andries, 2017. "Estimating the Relationship between Skill and Overconfidence," IZA Discussion Papers 10611, Institute of Labor Economics (IZA).
- Feld, Jan & Sauermann, Jan & de Grip, Andries, 2017. "Estimating the relationship between skill and overconfidence," ROA Research Memorandum 003, Maastricht University, Research Centre for Education and the Labour Market (ROA).
- Feld, Jan & Sauermann, Jan & de Grip, Andries, 2017. "Estimating the Relationship between Skill and Overconfidence," Research Memorandum 005, Maastricht University, Graduate School of Business and Economics (GSBE).
- Dunkel, Curtis S. & Nedelec, Joseph & van der Linden, Dimitri, 2023. "Reevaluating the Dunning-Kruger effect: A response to and replication of Gignac and Zajenkowski (2020)," Intelligence, Elsevier, vol. 96(C).
- Murad, Zahra & Starmer, Chris, 2021.
"Confidence snowballing and relative performance feedback,"
Journal of Economic Behavior & Organization, Elsevier, vol. 190(C), pages 550-572.
- Zahra Murad & Chris Starmer, 2020. "Confidence Snowballing and Relative Performance Feedback," Working Papers in Economics & Finance 2020-08, University of Portsmouth, Portsmouth Business School, Economics and Finance Subject Group.
- Zahra Murad & Chris Starmer, 2020. "Confidence Snowballing and Relative Performance Feedback," Discussion Papers 2020-08, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.
- Jan R. Magnus & Anatoly A. Peresetsky, 2021. "A statistical explanation of the Dunning-Kruger effect," Working Papers w0286, New Economic School (NES).
- Meeran, Sheik & Goodwin, Paul & Yalabik, Baris, 2016. "A parsimonious explanation of observed biases when forecasting one’s own performance," International Journal of Forecasting, Elsevier, vol. 32(1), pages 112-120.
- Ryvkin, Dmitry & Krajč, Marian & Ortmann, Andreas, 2012. "Are the unskilled doomed to remain unaware?," Journal of Economic Psychology, Elsevier, vol. 33(5), pages 1012-1031.
- Marian Krajc, 2008. "Are the Unskilled Really That Unaware? Understanding Seemingly Biased Self-Assessments," CERGE-EI Working Papers wp373, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
- Schlösser, Thomas & Dunning, David & Johnson, Kerri L. & Kruger, Justin, 2013. "How unaware are the unskilled? Empirical tests of the “signal extraction” counterexplanation for the Dunning–Kruger effect in self-evaluation of performance," Journal of Economic Psychology, Elsevier, vol. 39(C), pages 85-100.
- Sawler, James, 2021. "Economics 101-ism and the Dunning-Kruger effect: Reducing overconfidence among introductory macroeconomics students," International Review of Economics Education, Elsevier, vol. 36(C).
- 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.
- Feld, Jan & Salamanca, Nicolás & Zölitz, Ulf, 2019.
"Students are almost as effective as professors in university teaching,"
Economics of Education Review, Elsevier, vol. 73(C).
- Jan Feld & Nicolas Salamanca & Ulf Zölitz§, 2017. "Students Are Almost as Effective as Professors in University Teaching," Melbourne Institute Working Paper Series wp2017n23, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.
- Feld, Jan & Salamanca, Nicolás & Zölitz, Ulf, 2019. "Students are Almost as Effective as Professors in University Teaching," IZA Discussion Papers 12491, Institute of Labor Economics (IZA).
- Feld, Jan & Salamanca, Nicolas & Zolitz, Ulf, 2019. "Students are Almost as Effective as Professors in University Teaching," Working Paper Series 20966, Victoria University of Wellington, School of Economics and Finance.
- Jan Feld & Nicolás Salamanca & Ulf Zölitz, 2019. "Students Are Almost as Effective as Professors in University Teaching," CESifo Working Paper Series 7764, CESifo.
- 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 765, 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 5505, University Library of Munich, Germany.
- 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.
- Raphael Guber & Martin G. Kocher & Joachim Winter, 2021.
"Does having insurance change individuals' self‐confidence?,"
Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 88(2), pages 429-442, June.
- Guber, Raphael & Kocher, Martin & Winter, Joachim, 2018. "Does Having Insurance Change Individuals Self-Confidence?," Rationality and Competition Discussion Paper Series 80, CRC TRR 190 Rationality and Competition.
- Guber, Raphael & Kocher, Martin G. & Winter, Joachim, 2020. "Does having insurance change individuals' self-confidence?," Munich Reprints in Economics 84775, University of Munich, Department of Economics.
- Guber, Raphael & Kocher, Martin G. & Winter, Joachim, 2018. "Does Having Insurance Change Individuals' Self-confidence?," Economics Series 338, Institute for Advanced Studies.
- Juan Dubra & Jean-Pierre Benoît & Giorgia Romagnoli, 2019.
"Belief elicitation when more than money matters,"
Documentos de Trabajo/Working Papers
1901, Facultad de Ciencias Empresariales y Economia. Universidad de Montevideo..
- Benoît, Jean-Pierre & Dubra, Juan & Romagnoli, Giorgia, 2019. "Belief elicitation when more than money matters," MPRA Paper 95550, University Library of Munich, Germany.
- Utteeyo Dasgupta & Subha Mani & Smriti Sharma & Saurabh Singhal, 2017.
"Cognitive, socioemotional, and behavioural returns to college quality,"
WIDER Working Paper Series
wp-2017-94, World Institute for Development Economic Research (UNU-WIDER).
- Dasgupta, Utteeyo & Mani, Subha & Sharma, Smriti & Singhal, Saurabh, 2017. "Cognitive, Socioemotional and Behavioral Returns to College Quality," IZA Discussion Papers 10701, Institute of Labor Economics (IZA).
- 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.
- Foster, Gigi & Frijters, Paul, 2014. "The formation of expectations: Competing theories and new evidence," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 53(C), pages 66-81.
- Danz, David, 2020. "Never underestimate your opponent: Hindsight bias causes overplacement and overentry into competition," Games and Economic Behavior, Elsevier, vol. 124(C), pages 588-603.
- Jan Feld & Nicolás Salamanca & Ulf Zölitz, 2020.
"Are Professors Worth It? The Value-Added and Costs of Tutorial Instructors,"
Journal of Human Resources, University of Wisconsin Press, vol. 55(3), pages 836-863.
- Feld, Jan & Salamanca, Nicolás & Zölitz, Ulf, 2018. "Are professors worth it? The value-added and costs of tutorial instructors," Working Paper Series 20882, Victoria University of Wellington, School of Economics and Finance.
- Feld, Jan & Salamanca, Nicolás & Zölitz, Ulf, 2018. "Are Professors Worth It? The Value-added and Costs of Tutorial Instructors," IZA Discussion Papers 11975, Institute of Labor Economics (IZA).
- Jan Feld & Nicolás Salamanca & Ulf Zölitz, 2018. "Are Professors Worth It? The Value-added and Costs of Tutorial Instructors," CESifo Working Paper Series 7380, CESifo.
- Jan Feld & Nicolás Salamanca & Ulf Zölitz, 2018. "Are professors worth it? The value-added and costs of tutorial instructors," ECON - Working Papers 293, Department of Economics - University of Zurich.
- Zölitz, Ulf & Feld, Jan & Salamanca, Nicolás, 2019. "Are Professors Worth It? The Value-added and Costs of Tutorial Instructors," CEPR Discussion Papers 13883, C.E.P.R. Discussion Papers.
More about this item
JEL classification:
- D03 - Microeconomics - - General - - - Behavioral Microeconomics: Underlying Principles
- I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CBE-2017-04-02 (Cognitive and Behavioural Economics)
- NEP-EXP-2017-04-02 (Experimental Economics)
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:unm:umaror:2017003. See general information about how to correct material in RePEc.
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 bibliographic 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.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Andrea Willems or Leonne Portz (email available below). General contact details of provider: https://edirc.repec.org/data/romaanl.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.