EconPapers    
Economics at your fingertips  
 

Effects of Feedback on Self-Assessment

Marion Eberlein, Sandra Ludwig and Julia Nafziger

No 39/2005, Bonn Econ Discussion Papers from University of Bonn, Bonn Graduate School of Economics (BGSE)

Abstract: It is a well-known phenomenon that people tend to overestimate their relative abilities. Psychological studies show that a vast majority of people thinks that their ability is above the average when they have to assess their position in a distribution of a target group. We analyse in an experiment whether this is still true when people receive feedback on their relative abilities. Our main finding is that feedback influences agent?s decisions and improves overall self-assessment.

Keywords: Overconfidence; Feedback; Experimental Economics (search for similar items in EconPapers)
JEL-codes: D01 C91 D80 (search for similar items in EconPapers)
Date: 2005
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
https://www.econstor.eu/bitstream/10419/22945/1/bgse39_2005.pdf (application/pdf)

Related works:
Journal Article: THE EFFECTS OF FEEDBACK ON SELF‐ASSESSMENT (2011)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:zbw:bonedp:392005

Access Statistics for this paper

More papers in Bonn Econ Discussion Papers from University of Bonn, Bonn Graduate School of Economics (BGSE) Contact information at EDIRC.
Bibliographic data for series maintained by ZBW - Leibniz Information Centre for Economics ().

 
Page updated 2020-03-29
Handle: RePEc:zbw:bonedp:392005