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False Consensus in Economic Agents

Proto, Eugenio; Sgroi, Daniel
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Proto, Eugenio; Sgroi, Daniel: University of Warwick

Authors registered in the RePEc Author Service: Daniel Sgroi and Eugenio Proto ()

CAGE Online Working Paper Series from Competitive Advantage in the Global Economy (CAGE)

Abstract: In an incentivized experiment we identify a powerful and ubiquitous bias: individuals regard their own characteristics and choices as more common than is the case. We establish this \false consensus" bias in terms of happiness, political stance, mobile phone brand and on the attitude to deference in a hypothetical restaurant choice, and show that it is not limited to the distribution of hard to observe characteristics and choices but also to weight and height. We also show that the bias is not driven by the fact that the tallest, happiest, most left/right-wing, etc. are more salient.

Keywords: false consensus; saliency; biased beliefs; happiness; politics; height; weight. (search for similar items in EconPapers)
Date: 2011
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http://www2.warwick.ac.uk/fac/soc/economics/resear ... ns/55.2011_proto.pdf

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Working Paper: False Consensus in Economic Agents (2011) Downloads
Working Paper: False Consensus in Economic Agents (2011) Downloads
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