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来源类型Working Paper
规范类型报告
DOI10.3386/w30262
来源IDWorking Paper 30262
Confidence, Self-Selection and Bias in the Aggregate
Benjamin Enke; Thomas Graeber; Ryan Oprea
发表日期2022-07-18
出版年2022
语种英语
摘要The influence of behavioral biases on aggregate outcomes like prices and allocations depends in part on self-selection: whether rational people opt more strongly into aggregate interactions than biased individuals. We conduct a series of betting market, auction and committee experiments using 15 classic cognitive bias tasks. We document that some cognitive errors are strongly reduced through self-selection, while others are not affected at all. A large part of this variation is explained by the quality of people's meta-cognition. In some cognitive tasks, confidence and performance are strongly positively correlated, while for others this link is absent or even negative.
主题Microeconomics ; Behavioral Economics
URLhttps://www.nber.org/papers/w30262
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/587934
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GB/T 7714
Benjamin Enke,Thomas Graeber,Ryan Oprea. Confidence, Self-Selection and Bias in the Aggregate. 2022.
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