Overconfidence (2004)
Authors
Abstract
Many studies have shown that people display an apparent overcon…dence. In par- ticular, it is common for a majority of people to describe themselves as better than average. The literature takes for granted that this better-than-average e¤ect is prob- lematic. We argue, however, that, even accepting these studies completely on their own terms, there is nothing at all wrong with a strict majority of people rating themselves above the median.
Bibliographic entry
Hoffrage, U. (2004). Overconfidence. In R. F. Pohl (Ed.), Cognitive illusions: A handbook of fallacies and biases in thinking, judgement and memory (pp. 235-254). Hove: Psychology Press.
Miscellaneous
| Publication year | 2004 | |
|---|---|---|
| Document type: | In book | |
| Publication status: | Published | |
| External URL: | ||
| Categories: | ||
| Keywords: | experimental economicsirra-overcon…dencesignalling models.tionality |