A statistical explanation of the Dunning-Kruger effect

Jan Magnus () and Anatoly Peresetsky
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Jan Magnus: Vrije Universiteit Amsterdam and Tinbergen Institute

No w0286, Working Papers from New Economic School (NES)

Abstract: An explanation of the Dunning–Kruger effect is provided which does not require any psychological explanation, because it is derived as a statistical artefact. This is achieved by specifying a simple statistical model which explicitly takes the (random) boundary constraints into account. This model fits the data perfectly.

Keywords: Dunning-Kruger effect; Boundary conditions; Tobit model. (search for similar items in EconPapers)
JEL-codes: A22 C24 C91 D84 D91 I21 (search for similar items in EconPapers)
Pages: 16 pages
Date: 2021-11
New Economics Papers: this item is included in nep-cwa
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Persistent link: https://EconPapers.repec.org/RePEc:abo:neswpt:w0286

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