Publication: Self-serving biases in beliefs about collective outcomes
Self-serving biases in beliefs about collective outcomes
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Kogan, S., Schneider, F. H., & Weber, R. A. (2021). Self-serving biases in beliefs about collective outcomes (No. 379; Working Paper Series / Department of Economics).
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Beliefs about collective outcomes, such as economic growth or firm profitability, play an important role in many contexts. We study biases in the formation of such beliefs. Specifically, we explore whether over-optimism and self-serving biases in information processing—documented for beliefs about individual outcomes—affect beliefs about collective outcomes. We find that people indeed exhibit self-serving biases for collective outcomes, and that such biases are similar to biases for individual outcomes. In addition, we investigate whe
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Kogan, S., Schneider, F. H., & Weber, R. A. (2021). Self-serving biases in beliefs about collective outcomes (No. 379; Working Paper Series / Department of Economics).
