Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/248776 
Year of Publication: 
2021
Series/Report no.: 
Tinbergen Institute Discussion Paper No. TI 2021-092/III
Publisher: 
Tinbergen Institute, Amsterdam and Rotterdam
Abstract: 
An explanation of the Dunning-Kruger effect is provided which does not require any psychological explanation, because it is derived as a statistical artefact. This is achieved by specifying a simple statistical model which explicitly takes the (random) boundary constraints into account. This model fits the data perfectly.
Subjects: 
Dunning-Kruger effect
Boundary conditions
Tobit model
JEL: 
A22
C24
C91
D84
D91
I21
Document Type: 
Working Paper

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