
doi: 10.2139/ssrn.1088746
Many studies have shown that people display an apparent overconfidence. In particular, 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 effect is problematic. 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.
Overconfidence, Better than Average, Experiments, Irrationality, Signalling Models, Overconfidence; Better than Average; Experimental Economics; Irrationality; Signalling Models, Overconfidence; Better than Average; Experiments; Irrationality; Signalling Models, Overconfidence; Irrationality; Signalling Models; Better than average, jel: jel:D82, jel: jel:D83, jel: jel:D11, jel: jel:D12
Overconfidence, Better than Average, Experiments, Irrationality, Signalling Models, Overconfidence; Better than Average; Experimental Economics; Irrationality; Signalling Models, Overconfidence; Better than Average; Experiments; Irrationality; Signalling Models, Overconfidence; Irrationality; Signalling Models; Better than average, jel: jel:D82, jel: jel:D83, jel: jel:D11, jel: jel:D12
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