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Title:Do you know that I am biased? : an experiment PDF Logo
Authors:Ludwig, Sandra
Nafziger, Julia
Issue Date:2007
Series/Report no.:Bonn econ discussion papers 2007,11
Abstract:This experiment explores whether individuals know that other people are biased. We confirm that overestimation of abilities is a pervasive problem, but observe that most people are not aware of it, i.e. they think others are unbiased. We investigate several explanations for this result. As a first one, we discuss a possible unfamiliarity with the task and the subjects' inability to distinguish between random mistakes and a real bias. Second, we show how the relation between a subject's belief about others and his belief about himself might be driven by a false consensus effect or self-correction mechanism. Third, we identify a self-serving bias when comparing how a subject evaluates his own and other people's biases.
Subjects:Bias
Overconfidence
Beliefs
Experimental Economics
Self-Serving Bias
JEL:D83
C91
D01
Document Type:Working Paper
Appears in Collections:Bonn Econ Discussion Papers, Bonn Graduate School of Economics (BGSE), Universität Bonn

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