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Social comparison and confidence: When thinking you’re better than average predicts overconfidence (and when it does not)
14 references·16 citing·43 second hop
Social comparison and confidence: When thinking you’re better than average predicts overconfidence (and when it does not) (2006)Social comparison and confidence: When th…Skilled or unskilled, but still unaware of it: How perceptions of difficulty drive miscalibration in relative comparisons. (2006)Skilled or unskilled, but sti…Biases in Social Comparative Judgments: The Role of Nonmotivated Factors in Above-Average and Comparative-Optimism Effects. (2004)Biases in Social Comparative …Unskilled, unaware, or both? The better-than-average heuristic and statistical regression predict errors in estimates of own performance. (2002)Unskilled, unaware, or both? …Knowledge Calibration: What Consumers Know and What They Think They Know (2000)Knowledge Calibration: What C…Ambiguity Aversion and Comparative Ignorance (2000)Ambiguity Aversion and Compar…Unskilled and unaware of it: How difficulties in recognizing one's own incompetence lead to inflated self-assessments. (1999)Unskilled and unaware of it: …Overconfidence: It Depends on How, What, and Whom You Ask (1999)Overconfidence: It Depends on…Ambiguity Aversion and Comparative Ignorance (1995)Ambiguity Aversion and Compar…Simultaneous over- and underconfidence: The role of error in judgment processes. (1994)Simultaneous over- and underc…Judgment and decision making (1990)Judgment and decision makingConservatism in human information processing (1982)Conservatism in human informa…Do those who know more also know more about how much they know? (1977)Do those who know more also k…Society and the Adolescent Self-Image (1965)Society and the Adolescent Se…A Theory of Social Comparison Processes (1954)A Theory of Social Comparison…Overconfidence heuristic-driven bias in investment decision-making and performance: mediating effects of risk perception and moderating effects of financial literacy (2020)Overconfidence heuristic-driv…Heuristic biases in investment decision-making and perceived market efficiency (2017)Heuristic biases in investmen…The wisdom of select crowds. (2014)The wisdom of select crowds.Follow your heart or your head? A longitudinal study of the facilitating role of calling and ability in the pursuit of a challenging career. (2014)Follow your heart or your hea…Financial Literacy Overconfidence and Stock Market Participation (2014)Financial Literacy Overconfid…When overconfidence is revealed to others: Testing the status-enhancement theory of overconfidence (2013)When overconfidence is reveal…Making sense of overconfidence in market entry (2013)Making sense of overconfidenc…The Costs of Ambient Cultural Disharmony: Indirect Intercultural Conflicts in Social Environment Undermine Creativity (2012)The Costs of Ambient Cultural…The detrimental effects of power on confidence, advice taking, and accuracy (2011)The detrimental effects of po…Financial Overconfidence Over Time - Foresight, Hindsight, and Insight of Investors (2011)Financial Overconfidence Over…Cognitive Biases, Organization, and Entrepreneurial Firm Survival (2010)Cognitive Biases, Organizatio…The N- Effect (2009)The N- EffectThe evolution of misbelief (2009)The evolution of misbeliefSensation Seeking, Overconfidence, and Trading Activity (2009)Sensation Seeking, Overconfid…Error and bias in comparative judgment: On being both better and worse than we think we are. (2007)Error and bias in comparative…Sensation Seeking, Overconfidence, and Trading Activity (2006)Sensation Seeking, Overconfid…Availability: A heuristic for judging frequency and probability (1973)Judgment under Uncertainty: Heuristics and Biases (1974)Knowledge and Cognition (1975)Norm theory: Comparing reality to its alternatives. (1986)Investor Psychology and Asset Pricing (2001)Party Policy in Modern Democracies (2006)On the psychology of prediction. (1973)Judgment Under Uncertainty: Heuristics and Biases. (1984)The case for motivated reasoning. (1990)Individual differences in adult decision-making competence. (2007)Managerial Miscalibration* (2013)Risk, Ambiguity, and the Savage Axioms (1961)A theory of anticipated utility (1982)Prospect theory: An analysis of decision under risk (1988)"Coherent Arbitrariness": Stable Demand Curves Without Stable Preferences (2003)Chapter 18 A survey of behavioral finance (2003)Experimental methods: Between-subject and within-subject design (2011)Judgment under Uncertainty: Heuristics and Biases (1975)Individual differences in reasoning: Implications for the rationality debate? (2000)Representativeness Revisited: Attribute Substitution in Intuitive Judgment (2002)Heuristics and Biases: The Psychology of Intuitive Judgment (2004)Informal social communication. (1950)Deviation, rejection, and communication. (1951)Inequity In Social Exchange (1965)The Elaboration Likelihood Model of Persuasion (1986)A Theory of Fairness, Competition, and Cooperation (1999)Level of aspiration. (2004)Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency (1993)Investor Psychology and Security Market Under‐ and Overreactions (1998)Boys will be Boys: Gender, Overconfidence, and Common Stock Investment (2001)Religious beliefs, gambling attitudes, and financial market outcomes (2011)The Behavior of Individual Investors (2013)Pilot CEOs and corporate innovation (2016)Overconfidence and Excess Entry: An Experimental Approach (1999)The Role of Representative Design in an Ecological Approach to Cognition. (2004)Understanding luxury consumption in China: Consumer perceptions of best-known brands (2011)The Satisfaction With Life Scale (1985)Happiness is everything, or is it? Explorations on the meaning of psychological well-being. (1989)The benefits of being present: Mindfulness and its role in psychological well-being. (2003)A model of investor sentiment /The Intuitive Psychologist And His Shortcomings: Distortions in the Attribution Process (1977)A model of investor sentiment1We are grateful to the NSF for financial support, and to Oliver Blanchard, Alon Brav, John Campbell (a referee), John Cochrane, Edward Glaeser, J.B. Heaton, Danny Kahneman, David Laibson, Owen Lamont, Drazen Prelec, Jay Ritter (a referee), Ken Singleton, Dick Thaler, an anonymous referee, and the editor, Bill Schwert, for comments.1 (1998)Government Corruption and the Entry Strategies of Multinationals (2005)
this work references cited by second hop

References

  • 1965Society and the Adolescent Self-Image30,118 cited
  • 1954A Theory of Social Comparison Processes20,836 cited
  • 1999Unskilled and unaware of it: How difficulties in recognizing one's own incompetence lead to inflated self-assessments.7,694 cited
  • 1977Do those who know more also know more about how much they know?1,081 cited
  • 1995Ambiguity Aversion and Comparative Ignorance1,055 cited
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  • 2000Knowledge Calibration: What Consumers Know and What They Think They Know829 cited
  • 1999Overconfidence: It Depends on How, What, and Whom You Ask786 cited
  • 2000Ambiguity Aversion and Comparative Ignorance670 cited
  • 1994Simultaneous over- and underconfidence: The role of error in judgment processes.644 cited
  • 2004Biases in Social Comparative Judgments: The Role of Nonmotivated Factors in Above-Average and Comparative-Optimism Effects.546 cited
  • 1990Judgment and decision making510 cited
  • 2006Skilled or unskilled, but still unaware of it: How perceptions of difficulty drive miscalibration in relative comparisons.354 cited
  • 2002Unskilled, unaware, or both? The better-than-average heuristic and statistical regression predict errors in estimates of own performance.336 cited

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Cited by

  • 2009Sensation Seeking, Overconfidence, and Trading Activity822 cited
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  • 2011The detrimental effects of power on confidence, advice taking, and accuracy338 cited
  • 2007Error and bias in comparative judgment: On being both better and worse than we think we are.294 cited
  • 2014The wisdom of select crowds.265 cited
  • 2020Overconfidence heuristic-driven bias in investment decision-making and performance: mediating effects of risk perception and moderating effects of financial literacy233 cited
  • 2017Heuristic biases in investment decision-making and perceived market efficiency207 cited
  • 2014Financial Literacy Overconfidence and Stock Market Participation196 cited
  • 2006Sensation Seeking, Overconfidence, and Trading Activity196 cited
  • 2011Financial Overconfidence Over Time - Foresight, Hindsight, and Insight of Investors164 cited
  • 2013When overconfidence is revealed to others: Testing the status-enhancement theory of overconfidence153 cited
  • 2013Making sense of overconfidence in market entry151 cited
  • 2012The Costs of Ambient Cultural Disharmony: Indirect Intercultural Conflicts in Social Environment Undermine Creativity148 cited
  • 2014Follow your heart or your head? A longitudinal study of the facilitating role of calling and ability in the pursuit of a challenging career.145 cited
  • 2009The N- Effect140 cited
  • 2010Cognitive Biases, Organization, and Entrepreneurial Firm Survival138 cited