Overconfidence?

Jean-Pierre Benoît and Juan Dubra ()

MPRA Paper from University Library of Munich, Germany

Abstract: Many studies have shown that people display an apparent overconfidence. In particular, it is common for a majority of people to describe themselves as better-than-average. The literature takes for granted that this better-than-average effect is problematic. We argue, however, that, even accepting these studies on their own terms, there is nothing at all wrong with a strict majority of people rating themselves above the median.

Keywords: Overconfidence; Better than Average; Experiments; Irrationality; Signalling Models (search for similar items in EconPapers)
JEL-codes: D11 D12 D82 D83 (search for similar items in EconPapers)
Date: 2007-10, Revised 2007-11
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https://mpra.ub.uni-muenchen.de/6017/1/MPRA_paper_6017.pdf original version (application/pdf)

Related works:
Working Paper: Overconfidence? (2008)
Working Paper: Overconfidence (2008)
Working Paper: Overconfidence? (2008)
Working Paper: Overconfidence? (2008)
Working Paper: Overconfidence? (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:6017

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