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

Benoit, Jean Pierre; Moore, Done; Dubra, Juan

dc.rights.license	Attribution-NonCommercial-NoDerivatives 4.0 Internacional	*
dc.contributor.author	Benoit, Jean Pierre
dc.contributor.author	Moore, Done
dc.contributor.author	Dubra, Juan
dc.date.accessioned	2022-04-20T14:54:05Z
dc.date.available	2022-04-20T14:54:05Z
dc.date.issued	2013	es
dc.identifier.uri	https://hdl.handle.net/20.500.12806/1330
dc.description.abstract	We 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.extent	31 p.	es
dc.format.mimetype	application/pdf	es
dc.language	eng	es
dc.publisher	Universidad de Montevideo, Facultad de Ciencias Empresariales y Economía, Departamento de Economía	es
dc.relation.ispartof	Documentos de trabajo del Departamento de Economía; UM_CEE_2013_01	es
dc.rights	Abierto	es
dc.rights.uri	http://creativecommons.org/licenses/by-nc-nd/4.0/	*
dc.subject	Overconfidence	es
dc.subject	Better than Average	es
dc.subject	Experimental Economics	es
dc.subject	Irrationality	es
dc.subject	Signalling Models	es
dc.title	Does the better -than- average effect show that people are overconfident?: two experiments	es
dc.type	Documento de Trabajo	es
dc.contributor.filiacion	Benoit, Jean Pierre. London Buisness School	es
dc.contributor.filiacion	Moore, Done. Haas School of Business	es
dc.contributor.filiacion	Dubra, Juan. Universidad de Montevideo, Uruguay	es
dc.type.version	Publicada	es

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