Stumbling and Mumbling

Overconfidence in politics

chris dillow
Publish date: Mon, 29 Jul 2013, 02:33 PM
chris dillow
0 2,776
An extremist, not a fanatic
One of the best-attested cognitive biases - which has effects in boardrooms (pdf) and stock markets - is overconfidence. A new paper (pdf) by Pietro Ortoleva and Erik Snowberg shows that it also has political effects. They estimated the overconfidence...
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