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Overconfident : Do You Put Your Money on It ?
Oleh:
Rustichini, Aldo
;
Hoelzl, Erik
Jenis:
Article from Journal - ilmiah internasional
Dalam koleksi:
The Economic Journal (EBSCO) vol. 115 no. 503 (Apr. 2005)
,
page 305-318.
Topik:
MONEY
;
overconfident
;
money
Fulltext:
305.pdf
(95.2KB)
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
EE28.17
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
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Isi artikel
A group exhibits overconfidence if significantly more than half the group members declare to be better than the median in some characteristic. Overconfidence was found in verbal reports for a variety of characteristics and settings but was less often studied for choice behaviour. In an experiment we tested how perceived relative skill influences verbal and choice behaviour. Treatments varied task difficulty and payment. Choice behaviour changes from overconfidence to underconfidence when the task changes from easy and familiar to non - familiar. This effect is significant when monetary payments are at stake and weak when they are not.
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