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Title:Effects of Feedback on Self-Assessment PDF Logo
Authors:Eberlein, Marion
Ludwig, Sandra
Nafziger, Julia
Issue Date:2005
Series/Report no.:Bonn econ discussion papers 2005,39
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.
Subjects:Overconfidence
Feedback
Experimental Economics
JEL:D01
C91
D80
Document Type:Working Paper
Appears in Collections:Bonn Econ Discussion Papers, Bonn Graduate School of Economics (BGSE), Universität Bonn

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