Managing Self-Confidence: Theory and Experimental Evidence

We use a series of experiments to understand whether and how people’s beliefs about their own abilities are biased relative to the Bayesian benchmark and how these beliefs then affect behavior. We find that subjects systematically and substantially overweight positive feedback relative to negative (...

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Veröffentlicht in:	Management science 2022-11, Vol.68 (11), p.7793-7817
1. Verfasser:	Mobius, Markus
Format:	Artikel
Sprache:	eng
Schlagworte:	asymmetric belief updating Bayesian analysis Bias Cognition & reasoning Confidence Conservatism Ego Feedback information aversion Memory Obesity overconfidence
Online-Zugang:	Volltext
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