Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/35529 
Kompletter Metadatensatz
DublinCore-FeldWertSprache
dc.contributor.authorWeinberg, Bruce A.en
dc.date.accessioned2009-10-27-
dc.date.accessioned2010-07-07T11:52:57Z-
dc.date.available2010-07-07T11:52:57Z-
dc.date.issued2009-
dc.identifier.piurn:nbn:de:101:1-2009082174en
dc.identifier.urihttp://hdl.handle.net/10419/35529-
dc.description.abstractPeople use information about their ability to choose tasks. If more challenging tasks provide more accurate information about ability, people who care about and who are risk averse over their perception of their own ability will choose tasks that are not sufficiently challenging. Overestimation of ability raises utility by deluding people into believing that they are more able than they are in fact. Moderate overestimation of ability and overestimation of the precision of initial information leads people to choose tasks that raise expected output, however extreme overconfidence leads people to undertake tasks that are excessively challenging. Consistent with our results, psychologists have found that moderate overconfidence is both pervasive and advantageous and that people maintain such beliefs by underweighting new information about their ability.en
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x4285en
dc.subject.jelD03en
dc.subject.jelD08en
dc.subject.ddc330en
dc.subject.keywordOverconfidenceen
dc.subject.keywordbehavioral economicsen
dc.subject.keywordinformation processingen
dc.subject.stwBeschränkte Rationalitäten
dc.subject.stwVerhaltensökonomiken
dc.subject.stwInformationsverhaltenen
dc.subject.stwKognitionen
dc.subject.stwTheorieen
dc.titleA model of overconfidence-
dc.type|aWorking Paperen
dc.identifier.ppn608071749en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

Datei(en):
Datei
Größe
139.31 kB





Publikationen in EconStor sind urheberrechtlich geschützt.