Self-Assessment: The Role of the Social Environment

Armin Falk, Fabian Kosse, Hannah Schildberg-Hörisch and Florian Zimmermann
Additional contact information
Fabian Kosse: LMU Munich
Hannah Schildberg-Hörisch: University of Düsseldorf
Authors registered in the RePEc Author Service: Hannah Schildberg-Hoerisch ()

No 244, Rationality and Competition Discussion Paper Series from CRC TRR 190 Rationality and Competition

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.

Keywords: Self-Assessment; Beliefs; Experiments; Randomized Intervention; Children (search for similar items in EconPapers)
JEL-codes: C21 C91 D03 I24 (search for similar items in EconPapers)
Date: 2020-05-29
New Economics Papers: this item is included in nep-exp
References: Add references at CitEc
Citations:

Downloads: (external link)
https://rationality-and-competition.de/wp-content/uploads/2020/05/244.pdf (application/pdf)

Related works:
Journal Article: Self-assessment: The role of the social environment (2023)
Working Paper: Self-Assessment: The Role of the Social Environment (2020)
Working Paper: Self-Assessment: The Role of the Social Environment (2020)
Working Paper: Self-assessment: The role of the social environment (2020)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rco:dpaper:244

Access Statistics for this paper

More papers in Rationality and Competition Discussion Paper Series from CRC TRR 190 Rationality and Competition
Bibliographic data for series maintained by Viviana Lalli ().