Overconfidence at Work and the Evolution of Beliefs : Evidence from a Field Experiment ∗

@inproceedings{Hoffman2012OverconfidenceAW,
  title={Overconfidence at Work and the Evolution of Beliefs : Evidence from a Field Experiment ∗},
  author={Mitchell Hoffman},
  year={2012}
}
A robust finding in experimental psychology and economics is that people tend to be overconfident about their ability. However, much less is known about whether overconfidence can be reduced or eliminated, particularly in field settings. This paper provides new evidence using data from the workplace. A field experiment with a large trucking firm shows that workers tend to systematically overpredict their productivity and that their overconfidence is unaffected by whether workers receive… CONTINUE READING