Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/222141 
Year of Publication: 
2020
Series/Report no.: 
Discussion Paper No. 244
Publisher: 
Ludwig-Maximilians-Universität München und Humboldt-Universität zu Berlin, Collaborative Research Center Transregio 190 - Rationality and Competition, München und Berlin
Abstract: 
This study presents descriptive and causal evidence on the role of the social environment in shaping the accuracy of self-assessment. We introduce a novel incentivized measurement tool to measure the accuracy of self-assessment among children and use this tool to show that children from high socioeconomic status (SES) families are more accurate in their self-assessment, compared to children from low SES families. To move beyond correlational evidence, we then exploit the exogenous variation of participation in a mentoring program designed to enrich the social environment of children. We document that the mentoring program has a causal positive e ffect on the accuracy of children's self-assessment. Finally, we show that the mentoring program is most e ffective for children whose parents provide few social and interactive activities for their children.
Subjects: 
Self-Assessment
Beliefs
Experiments
Randomized Intervention
Children
JEL: 
D03
C21
C91
I24
Document Type: 
Working Paper

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