Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/308790 
Year of Publication: 
2024
Series/Report no.: 
Working Papers in Economics and Statistics No. 2024-13
Publisher: 
University of Innsbruck, Research Platform Empirical and Experimental Economics (eeecon), Innsbruck
Abstract: 
In this study we explore the knowledge and beliefs regarding behavioral biases among behavioral scientists, financial professionals, and the general population. We investigate knowledge about ten prominent biases and collect beliefs about the knowledge levels of each of these subject pools by conducting an online survey with 547 participants. We find that knowledge about the selected biases is highest among behavioral scientists and lowest in the general population. Potential explanatory variables, such as age, gender, income, and financial literacy, show almost no impact on knowledge levels. Regarding accuracy of beliefs about knowledge of the own and the other groups, each subject pool has the highest accuracy rates for their own group, and behavioral scientists assessing other behavioral scientists have by far the highest accuracy rate.
Subjects: 
Behavioral biases
expert beliefs
behavioral scientists
financial professionals
JEL: 
C91
G40
G53
Document Type: 
Working Paper

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