Logo
Munich Personal RePEc Archive

Thoughts on quantifying overconfidence in economic experiments

Michailova, Julija and Katter, Joana K. Q. (2013): Thoughts on quantifying overconfidence in economic experiments.

[thumbnail of MPRA_paper_53112.pdf]
Preview
PDF
MPRA_paper_53112.pdf

Download (243kB) | Preview

Abstract

This article illustrates the difficulties in quantifying overconfidence in experimental finance and outlines a procedure for the development of a reliable overconfidence measurement instrument. Following the suggested two-stage procedure a sample measure of overconfidence is developed. First a pilot test is conducted to divide the initial fifty items into three difficulty levels: hard, moderate and easy questions. A final test was compiled of six questions of each difficulty levels. In the second phase a replicability check was run with the final instrument.

Atom RSS 1.0 RSS 2.0

Contact us: mpra@ub.uni-muenchen.de

This repository has been built using EPrints software.

MPRA is a RePEc service hosted by Logo of the University Library LMU Munich.