Know Thyself: Competence and Self-awareness
Know Thyself: Competence and Self-awareness
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了解你自己:能力和自我意识
DOI:
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发表时间:
2010
期刊:
影响因子:
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通讯作者:
P. Ferraro
中科院分区:
文献类型:
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作者:
P. Ferraro
Economic analysis of asymmetric information typically starts with the assumption that individuals know more about their own characteristics than outside observers. This assumption implies that individuals can accurately assess their own competence in a given domain. However, individuals can only judge their competence if they are sufficiently competent. Results from field experiments contradict predictions from economic theories that assume self-aware agents, but are consistent with predictions from theories that incorporate a positive correlation between competence and self-awareness in a given domain. This correlation explains some of the overconfidence observed among economic agents and implies a structure on decision errors that can be exploited to make novel predictions in important areas of economics.