A Model of Positive Self-Image in Subjective Assessments

Luis Santos-Pinto () and Joel Sobel ()

American Economic Review, 2005, vol. 95, issue 5, 1386-1402

Abstract: This paper suggests a mechanism that describes individuals' positive self-image in subjective assessments of their relative abilities. The mechanism assumes individuals have heterogeneous production functions that determine ability as a function of multiple skills; make skill-enhancing investments with the goal of maximizing their ability; and make ability comparisons using their own production function. Within this framework, the paper provides conditions under which there is positive self-image. Positive self-image is increasing in the ease of the task, the number of different skills needed for the task, and the variability of production technologies in the population.

Date: 2005
Note: DOI: 10.1257/000282805775014245
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Citations: View citations in EconPapers (78)

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