A Simple Model of Self-Assessments

Silvia Dominguez-Martinez () and Otto Swank ()

No 06-010/1, Tinbergen Institute Discussion Papers from Tinbergen Institute

Abstract: We develop a simple model that describes individuals’ self-assessments oftheir abilities. We assume that individuals learn about their abilities from appraisalsof others and experience. Our model predicts that if communicationis imperfect, then (i) appraisals of others tend to be too positive, and (ii) overconfidenceleading to too much activism is more likely than underconfidenceleading to too much passivity. The predictions of our model are consistentwith findings in the social psychological literature.

This discussion paper has led to a publication in the ' Economic Journal ' 119(539), 1225-41.

Keywords: self-assessments; learning about ability; coaching; overconfidence; underconfidence (search for similar items in EconPapers)
JEL-codes: D81 D82 D83 (search for similar items in EconPapers)
Date: 2006-01-17
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Related works:
Journal Article: A Simple Model of Self-Assessment (2009)
Journal Article: A Simple Model of Self‐Assessment (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:tin:wpaper:20060010

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