Biased learning creates overconfidence

DOI10.1007/S11424-018-7254-1MaRDI QIDQ1757716zbMATH OpenOpenAlexFDO

Authors Xuanming Ni, Chen Wu, Huimin Zhao

Publication date 15 January 2019

Published in Journal of Systems Science and Complexity (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s11424-018-7254-1

zbMATH Keywords

Bayes' rulebiased learningoverconfidence

Mathematics Subject Classification ID

Special types of economic markets (including Cournot, Bertrand) (91B54) Trade models (91B60)

Recommendations

• Confidence biases and learning among intuitive Bayesians
• Overconfidence by Bayesian-rational agents
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Cites work

• Continuous Auctions and Insider Trading
• Investor overconfidence and the forward premium puzzle
• Overconfidence by Bayesian-rational agents
• Self-Confidence and Personal Motivation
• Speculative Investor Behavior in a Stock Market with Heterogeneous Expectations

Cited in

(9)

• A model of rational bias in self-assessments
• Overconfidence on public information
• Financial literacy overconfidence and investment fraud victimization
• Biased learning under ambiguous information
• Confidence biases and learning among intuitive Bayesians
• Overconfidence by Bayesian-rational agents
• Unrealistic expectations and misguided learning
• A multi-agent model of misspecified learning with overconfidence
• The impact of overconfidence and stochastic lead time forecasting on the bullwhip effect

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