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Bonn Econ Discussion Papers, Bonn Graduate School of Economics (BGSE), Universität Bonn >
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http://hdl.handle.net/10419/27152
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| Title: | | Do you know that I am biased? : an experiment  |
| 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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