Unrealistic Expectations and Misguided Learning

Heidhues, P; Koszegi, B; Strack, P

Heidhues, P (reprint author), Heinrich Heine Univ Dusseldorf, Dusseldorf Inst Competit Econ, Dusseldorf, Germany.

ECONOMETRICA, 2018; 86 (4): 1159

Abstract

We explore the learning process and behavior of an individual with unrealistically high expectations (overconfidence) when outcomes also depend on an ......

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