Is Underconfidence Favored over Overconfidence? An Experiment on the Perception of a Biased Self-Assessment [PDF]
This paper reports findings of a laboratory experiment, which explores how elfassessment regarding the own relative performance is perceived by others. In particular, I investigate whether overconfident subjects or underconfident subjects are considered ...
Thoma, Carmen
core +2 more sources
Managerial Overoptimism and Discretionary Disclosure
ABSTRACT We examine the effect of managerial overoptimism on discretionary disclosure of subjective information, such as earnings forecasts. The market applies a discount upon disclosure to capture the possibility that the revealed subjective expectation is too optimistic.
Nikolaj Niebuhr Lambertsen +1 more
wiley +1 more source
Improving Developmental Education Assessment and Placement: Lessons From Community Colleges Across the Country [PDF]
At open-access two-year public colleges, the goal of the traditional assessment and placement process is to match incoming students to the developmental or college-level courses for which they have adequate preparation; the process presumably increases ...
Hodara, Michelle +2 more
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Overconfidence in Labor Markets [PDF]
This chapter reviews how worker overconfidence affects labor markets. Evidence from psychology and economics shows that in many situations, most people tend to overestimate their absolute skills, overplace themselves relative to others, and overestimate ...
A Bruhin +147 more
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Nobody Knows Better: Examining the Link Between Overconfidence and Conspiracy Beliefs
ABSTRACT This research explored the relationship between overconfidence and conspiracy beliefs. In Study 1, cross‐sectional analyses demonstrated that both overconfidence in general knowledge and in climate change knowledge were positively associated with climate change conspiracy beliefs.
Haiyan Wang, Jan‐Willem van Prooijen
wiley +1 more source
Default or reactance? Identity priming effects on overconfidence in Germany and Japan [PDF]
This experimental study measures three types of overconfidence in the decision behavior of participants from Germany and Japan. In the first stage of the experiment subjects completed a Raven Progressive Matrices test and subsequently assessed their test
Duttle, Kai, Shichijo, Tatsuhiro
core
This study proposes the inverse differential information theory, which predicts a positive relationship between misestimation and misplacement, two types of overconfidence. The inverse differential information theory contrasts with the existing theory of
Yun-Ho Lee, Weihua Ma
doaj +1 more source
Are Entrepreneurs more Optimistic and Overconfident than Managers and Employees? [PDF]
Empirical evidence supports the conventional wisdom that entrepreneurs are more optimistic and overconfident than others. However, the same holds true for top managers.
Koudstaal, Martin +2 more
core +1 more source
Two Tales of Uncertainty: Calibrating Overprecision With Self‐Regulated Entrepreneurial Learning
ABSTRACT Entrepreneurial success strongly depends on decision‐making under uncertainty. Uncertainty is particularly pronounced when entrepreneurs are confronted with novel situations characterized by an absence of information. While cognitive biases, such as overprecision, can have a negative impact on decision‐making processes by distorting ...
Julian Kolbe +2 more
wiley +1 more source
How Does Overconfidence Affect Decision Making of the Green Product Manufacturer?
Overconfidence is a universal and prevalent cognitive bias affecting decision making in operation management. In this paper, overconfidence is defined as a cognitive bias in which decision makers overestimate the accuracy of demand forecasting or (and) the demand itself. We call these two behaviors overprecision and overestimation, respectively.
Jian Liu +4 more
wiley +1 more source

