How overconfidence bias influences suboptimality in perceptual decision making.
Journal of Experimental Psychology: Human Perception and Performance, 2023 In perceptual decision making, it is often found that human observers combine sensory information and prior knowledge suboptimally. Typically, in detection tasks, when an alternative is a priori more likely to occur, observers choose it more frequently to account for the unequal base rate but not to the extent they should, a phenomenon referred to as ...
Hainguerlot, Marine +3 more
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Exploring the Sense of Overconfidence Bias on Investment Decisions: Insight from The Retail Investors of Bangladesh [PDF]
International Journal of Management, Accounting and EconomicsInvestment decisions are influenced by several rational and irrational factors. The most common irrational phenomena are behavioral biases, such as overconfidence or herding bias.
Md. Yousuf Ahammed, Shayla Tazminur
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Loss aversion, overconfidence of investors and their impact on market performance evidence from the US stock markets [PDF]
Journal of Economics Finance and Administrative Science, 2020 Purpose – The current study aims to investigate the impacts of two behavioral biases, namely, loss aversion and overconfidence on the performance of US companies.
Ahmed Bouteska, Boutheina Regaieg
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"Yes, we know!" (Over)confidence in general knowledge among Austrian entrepreneurs.
PLoS ONE, 2018 Overconfidence has been reported to be a common bias among entrepreneurs and might be one cause of the high failure rates observed for new ventures.
Viktorija Ilieva +2 more
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On the Positive Effects of Overcon fident Self-Perception in Teams [PDF]
, 2011 In this paper, we study the individual payoff effects of overconfident self-perception in teams. In particular, we demonstrate that the welfare of an overconfident agent in a team of one rational and one overconfident agent or a team of two overconfident
Ludwig, Sandra +2 more
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Is Overconfidence a Motivated Bias? Experimental Evidence
SSRN Electronic Journal, 2018 Are overconfident beliefs driven by the motivation to view oneself positively? We test the relationship between motivation and overconfidence using two distinct, but often conflated measures: better-than-average (BTA) beliefs and overplacement. Our results suggest that motivation can indeed affect these faces of overconfidence, but only under limited ...
Jennifer M, Logg +2 more
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Overconfidence increases productivity [PDF]
, 2011 Recent studies report that productivity increases under tournament reward structures than under piece rate reward structures. We conduct maze-solving experiments under both reward structures and reveal that overconfidence is a significant factor in ...
Kinari, Yusuke +3 more
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Impacts of Managerial Overconfidence and Agency Costs on Cash Holdings Within Blockchain Firms
IEEE Access, 2021 We study the effects of managerial overconfidence and agency costs on cash holdings of blockchain firms, where the overconfidence is defined as a cognitive bias that a manager will underestimate volatility in an uncertain environment.
Teng Niu, Xi Zhao
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Overconfidence Can Improve an Agent's Relative and Absolute Performance in Contests [PDF]
, 2010 This paper suggests a potential rationale for the recent empirical finding that overconfident agents tend to self-select into more competitive environments (e.g. Dohmen and Falk, forthcoming).
Ludwig, Sandra +2 more
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Investors’ Behavioural Biases and the Security Market: An Empirical Study of the Nigerian Security Market [PDF]
, 2012 Behavioural biases describe a replicable pattern in perceptual distortion, inaccurate judgment, illogical interpretation, or what is broadly called irrationality.
Adetiloye, K. A., Babajide, A. A
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