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Incentives to learn calibration: a gender-dependent impact

dc.contributor.authorHollard, Guillaume
dc.contributor.authorDargnies, Marie-Pierre
dc.date.accessioned2012-09-17T10:45:34Z
dc.date.available2012-09-17T10:45:34Z
dc.date.issued2009
dc.identifier.urihttps://basepub.dauphine.fr/handle/123456789/10001
dc.language.isoenen
dc.subjectMiscalibrationen
dc.subjectOverconfidenceen
dc.subjectIncentivesen
dc.subjectGender effecten
dc.subjectBias
dc.subjectGender
dc.subjectKnowledge
dc.subjectWomen
dc.subject.ddc332en
dc.subject.classificationjelD81en
dc.subject.classificationjelC91en
dc.subject.classificationjelD12
dc.subject.classificationjelD83
dc.subject.classificationjelJ16
dc.titleIncentives to learn calibration: a gender-dependent impacten
dc.typeArticle accepté pour publication ou publié
dc.contributor.editoruniversityotherUniversité Paris 1;France
dc.description.abstractenMiscalibration can be defined as the fact that people think that their knowledge is more precise than it actually is. In a typical miscalibration experiment, subjects are asked to provide subjective confidence intervals. A very robust finding is that subjects provide too narrow intervals at the 90% level. As a result a lot less than 90% of correct answers fall inside the 90% intervals provided. As miscalibration is linked with bad results on an experimental financial market (Biais et al., 2005) and entrepreneurial success is positively correlated with good calibration (Regner et al., 2006), it appears interesting to look for a way to cure or at least reduce miscalibration. Previous attempts to remove the miscalibration bias relied on extremely long and tedious procedures. Here, we design an experimental setting that provides several different incentives, in particular strong monetary incentives i.e. that make miscalibration costly. Our main result is that a thirty-minute training session has an effect on men's calibration but no effect on women's.en
dc.relation.isversionofjnlnameEconomics Bulletin
dc.relation.isversionofjnlvol29en
dc.relation.isversionofjnlissue3en
dc.relation.isversionofjnldate2009
dc.relation.isversionofjnlpages1820-1828en
dc.relation.isversionofjnlpublisherEconomics Bulletinen
dc.subject.ddclabelEconomie financièreen
dc.relation.forthcomingnonen
dc.relation.forthcomingprintnonen


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