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Does the better -than- average effect show that people are overconfident?: two experiments

dc.rights.licenseAttribution-NonCommercial-NoDerivatives 4.0 Internacional*
dc.contributor.authorBenoit, Jean Pierre
dc.contributor.authorMoore, Done
dc.contributor.authorDubra, Juan
dc.date.accessioned2022-04-20T14:54:05Z
dc.date.available2022-04-20T14:54:05Z
dc.date.issued2013es
dc.identifier.urihttps://hdl.handle.net/20.500.12806/1330
dc.description.abstractWe conduct two experiments of the claim that people are overconfident, using newtests of overplacement that are based on a formal Bayesian model. Our two experi-ments, on easy quizzes, find overplacement. More precisely, we find apparently over-confident data that cannot be accounted for by a rational population of expected utilitymaximizers with a good understanding of the nature of the quizzes they took. The finding is of particular interest because Benoit and Dubra (2011) have shown that thevast majority of the existing findings on the better-than-average e§ect are actuallyconsistent with Bayesian updating.es
dc.format.extent31 p.es
dc.format.mimetypeapplication/pdfes
dc.languageenges
dc.publisherUniversidad de Montevideo, Facultad de Ciencias Empresariales y Economía, Departamento de Economíaes
dc.relation.ispartofDocumentos de trabajo del Departamento de Economía; UM_CEE_2013_01es
dc.rightsAbiertoes
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/*
dc.subjectOverconfidencees
dc.subjectBetter than Averagees
dc.subjectExperimental Economicses
dc.subjectIrrationalityes
dc.subjectSignalling Modelses
dc.titleDoes the better -than- average effect show that people are overconfident?: two experimentses
dc.typeDocumento de Trabajoes
dc.contributor.filiacionBenoit, Jean Pierre. London Buisness Schooles
dc.contributor.filiacionMoore, Done. Haas School of Businesses
dc.contributor.filiacionDubra, Juan. Universidad de Montevideo, Uruguayes
dc.type.versionPublicadaes

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Attribution-NonCommercial-NoDerivatives 4.0 Internacional
Except where otherwise noted, this item's license is described as Attribution-NonCommercial-NoDerivatives 4.0 Internacional