... decreases overconfidence. ⁵ The results of the experiment suggest that information asymmetries between parties to the case and between the worker and her lawyer are underlying causes of malfunctioning courts. A majority of plaintiffs earn below the median wage and have modest levels of schooling...

...Dominik M Piehlmaier; J Jeffrey Inman; Andrew T Stephen; Andrew T Stephen Please address correspondence to Dominik M. Piehlmaier. Email: [email protected] 29 12 2022 Generally, little attention has been paid to the impact of joint decision-making on overconfidence in a financial...

... manipulation schemes. Unlike stock market manipulators, cryptocurrency manipulators openly declare their intentions to pump specific coins, rather than trying to deceive investors. Puzzlingly, people join in despite negative expected returns. In a simple framework, we demonstrate how overconfidence...

... in the severity of anticipated disagreement increases the equity premium and the debt-to-equity ratio. D86 G32 G33 G10 Disagreement Uncertainty Ambiguity Robustness Debt Overconfidence Overinvestment Refinance Renegotiation Equity premium Debt-to-equity ratio Security design Financial contracting...

... is lower. We discuss the implications of our results for mental well-being, education, job search, workaholism, and aggression. Insecurity Self-esteem Personal equilibrium Self-esteem personal equilibrium Impostor syndrome Memory Overconfidence Confidence D01 D11 D83 D91 The idea that “ego...

...%. Differences in responsiveness—for example, in venture risk, venture maturity, and signal precision—are consistent with particular theories about entrepreneurship, including the importance of experimentation. L26 G24 D83 Entrepreneurship Learning Feedback Overconfidence New venture competitions We find...

... regarding risk taking. Retail trading Futures Risk taking Overconfidence Self-attribution Feedback is a key input in decision making. Information about outcomes from past actions can help improve future decision making (e.g., Seidenfeld, 1985 ). Also, feedback is considered one of the main remedies...

... analysis results as a specially up-weighted reference point, even when there is no empirical basis for that) ( 3 ) and reification (acting as if our models are physical laws), as typifies rote statistical applications. These problems contribute to overconfident inference. Misinterpretations...

... of Economic Studies Limited. 2017 Abstract We describe a symmetric continuous-time model of trading among relatively overconfident, oligopolistic informed traders with exponential utility. Traders agree to disagree about the precisions of their continuous flows of Gaussian private information. The price...

... deception biases and Trivers’ premise (that effective deception is less physiologically costly with the aid of self-deception) is incorporated. It is shown that under Trivers’ hypothesis natural selection favors individuals that self-deceive as they deceive others. Self-deception Deception Overconfidence...

... regulation increases social welfare and can benefit consumers. Hence, requiring zero-balance alerts in addition to the Federal Reserve's new opt-in rule for debit-card overdraft protection may benefit consumers. Inattention Bill-shock Consumer Protection Penalty Fee Loyalty Discount Overconfidence...

... Coordination Overconfidence Corporate Culture D23 D7 D81 “One of the most important prerequisites for trust in a leader is steadiness. The need for reliability is not only ethically desirable, it is generally a practical necessity. A leader who is unpredictable poses a nerve-wracking problem for followers...

...' attitudes towards dissent. Contagious exuberance can also seize asset markets, generating investment frenzies and crashes. Groupthink Organizational Culture Overconfidence Morale Market exuberance Manias Speculative bubbles Market crashes Financial crisis Toxic assets Wishful thinking Cognitive...

...Craig Burnside; Bing Han; David Hirshleifer; Tracy Yue Wang 01 06 2008 01 06 2010 © The Author 2011. Published by Oxford University Press on behalf of The Review of Economic Studies Limited. 2011 A growing analytical and empirical literature has argued that investor overconfidence explains...

... overconfidence Numerous recent studies have used chronograms from molecular dating to infer the distribution of cladogenetic events across a tree (e.g., Weir and Schluter 2007 , Linder 2008 , Phillimore and Price 2008 , Phillimore and Price 2009 ). In animal clades as diverse as birds, reptiles, beetles...

...L. Buchy; Y. Czechowska; C. Chochol; A. Malla; R. Joober; J. Pruessner; M. Lepage Cognitive insight was assessed with the BCIS, 6 a 15-item self-report inventory. Self-reflectiveness (ability to reflect on previous experiences), self-certainty (overconfidence), and composite index (self...

... confidence ratings and particular patterns of error. (a) Miscalibration as the systematic discrepancy between the dotted identity line (x=y) and the calibration curve (black squares). (b) Examples of overconfidence (black squares) and underconfidence (black circles...

...This chapter presents a behavioral-based model for studying asset price bubbles and trading volume based on heterogeneous beliefs generated by agents' overconfidence. It describes the explicit links between the model's parameter values, such as trading cost and information, and the behavior...

.... The ability to avoid overconfidence is measured on the CART by the Knowledge Calibration subtest. Finally, the Rational Temporal Discounting subtest assesses the ability to pass up an immediate reward for a delayed larger one. The history of each subtest is described, as well as a large study of each subtest...

... a consult to cardiology in the morning. At 07:00 hours, he is transferred to an oncoming physician who takes further history and determines that the diagnosis is wrong. Several aspects of decision making are discussed, including overconfidence, dysphoria, fatigue, and sleep deprivation. chest pain unstable...