Overconfidence and career choice
Jonathan Schulz () and
Christian Thoeni ()
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Christian Thoeni: University of Lausanne
Authors registered in the RePEc Author Service: Christian Thöni
No 2014-15, Discussion Papers from The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham
People self-assess their relative ability when making career choices. Thus, confidence in own abilities is likely an important factor for selection into various career paths. In a sample of 711 first-year students we examine whether there are systematic differences in confidence levels across fields of study. We find evidence for selection based on our experimental confidence measure: While Political Science students exhibit the highest confidence levels, students of Humanities range at the other end of the scale. This may have important implications for subsequent earnings and/or professions students select themselves in.
Keywords: Overconfidence; selection; field of study; career choice (search for similar items in EconPapers)
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Journal Article: Overconfidence and Career Choice (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:not:notcdx:2014-15
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