Experimentation with Self-Serving Attribution Biases

Autor:	Nina Hestermann, Yves Le Yaouanq
Rok vydání:	2021
Předmět:	External variable media_common.quotation_subject 05 social sciences Contrast (statistics) Blame Variable (computer science) 0502 economics and business Self-serving bias 050207 economics Psychology General Economics Econometrics and Finance Social psychology 050205 econometrics media_common
Zdroj:	American Economic Journal: Microeconomics. 13:198-237
ISSN:	1945-7685 1945-7669
DOI:	10.1257/mic.20180326
Popis:	We study an experimentation problem in a situation where the outcomes depend on the decision-maker’s intrinsic ability and on an external variable. We analyze the mistakes made by individuals who hold inaccurate prior beliefs about their ability. Overconfident individuals take too much credit for their successes and excessively blame external factors if they fail. They are too easily dissatisfied with their environment, which leads them to experiment in variable environments and revise their self-confidence over time. In contrast, underconfident individuals might be trapped in low-quality environments and incur perpetual utility losses. (JEL D11, D83, D91)
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::e0f4bd44a037e2b21fa73f97be5eff64 https://doi.org/10.1257/mic.20180326 Zobrazit plný text záznamu