Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/22945
Authors: 
Eberlein, Marion
Ludwig, Sandra
Nafziger, Julia
Year of Publication: 
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

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