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Self-Assessment: The Role of the Social Environment

Armin Falk, Fabian Kosse, Hannah Schildberg-Hörisch and Florian Zimmermann
Additional contact information
Fabian Kosse: LMU Munich
Hannah Schildberg-Hörisch: University of Düsseldorf
Florian Zimmermann: University of Bonn

Authors registered in the RePEc Author Service: Hannah Schildberg-Hoerisch ()

No 244, Rationality and Competition Discussion Paper Series from CRC TRR 190 Rationality and Competition

Abstract: This study presents descriptive and causal evidence on the role of the social environment in shaping the accuracy of self-assessment. We introduce a novel incentivized measurement tool to measure the accuracy of self-assessment among children and use this tool to show that children from high socioeconomic status (SES) families are more accurate in their self-assessment, compared to children from low SES families. To move beyond correlational evidence, we then exploit the exogenous variation of participation in a mentoring program designed to enrich the social environment of children. We document that the mentoring program has a causal positive effect on the accuracy of children's self-assessment. Finally, we show that the mentoring program is most effective for children whose parents provide few social and interactive activities for their children.

Keywords: Self-Assessment; Beliefs; Experiments; Randomized Intervention; Children (search for similar items in EconPapers)
JEL-codes: C21 C91 D03 I24 (search for similar items in EconPapers)
Date: 2020-05-29
New Economics Papers: this item is included in nep-exp
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Related works:
Working Paper: Self-Assessment: The Role of the Social Environment (2020) Downloads
Working Paper: Self-Assessment: The Role of the Social Environment (2020) Downloads
Working Paper: Self-assessment: The role of the social environment (2020) Downloads
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