Publication: Do we measure overconfidence? A closer look at the interval production task
Do we measure overconfidence? A closer look at the interval production task
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Langnickel, F., & Zeisberger, S. (2016). Do we measure overconfidence? A closer look at the interval production task. Journal of Economic Behavior & Organization, 128, 121–133. https://doi.org/10.1016/j.jebo.2016.04.019
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The most common test for overconfidence in the form of miscalibration—the Interval Production task (IP)—is based on the assumption that people internalize requested confidence levels. We demonstrate experimentally that decision makers’ perceived confidence is, however, unaffected by variations in the requested confidence level. In addition, we find large heterogeneity in perceived confidence that the traditional IP measure fails to account for. We show that the alternative measure based on decision makers’ perceived confidence by cont
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- Langnickel, Ferdinand
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Langnickel, F., & Zeisberger, S. (2016). Do we measure overconfidence? A closer look at the interval production task. Journal of Economic Behavior & Organization, 128, 121–133. https://doi.org/10.1016/j.jebo.2016.04.019
