Does the Better-Than-Average Effect Show That People Are Overconfident?: An Experiment
Juan Dubra () and
MPRA Paper from University Library of Munich, Germany
We conduct a proper test of the claim that people are overconfident, in the sense that they believe that they are better than others. The results of the experiment we present do not allow us to reject the hypotheses that the data has been generated by perfectly rational, unbiased, and appropriately confident agents.
Keywords: Overconfidence; Better than Average; Experimental Economics; Irrationality; Signalling Models (search for similar items in EconPapers)
JEL-codes: D11 D12 D82 D83 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cbe and nep-exp
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:13168
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