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VERSION:2.0
PRODID:icalendar-ruby
CALSCALE:GREGORIAN
X-WR-CALNAME:CESR Seminar & Brown Bag Series  - "Unpacking Overconfident Be
 havior When Betting on Oneself"
X-WR-TIMEZONE:Pacific Time (US & Canada)
BEGIN:VEVENT
DTSTAMP:20260905T235426Z
UID:tag:localist.com\,2008:EventInstance_43828905309848
DTSTART:20231127T200000Z
DTEND:20231127T210000Z
DESCRIPTION:CESR Seminar & Brown Bag Series in conjunction with the BEHAVIO
 RAL SCIENCE & WELLBEING POLICY INITIATIVE presents Han Bleichrodt from Era
 smus School of Economics.\n\n \n\nPlease email Blake Palomino at bpalomin@
 usc.edu directly to receive Zoom link information. \n\n \n\nAbstract: Over
 confident behavior\, the excessive willingness to bet on one’s performan
 ce\, may be driven by optimistic beliefs and/or ambiguity attitudes. Separ
 ating these factors is key for understanding and correcting overconfident 
 behavior\, as they may call for different corrective actions. We present a
  method to do so\, which we implement in two incentivized experiments. The
  first experiment shows the importance of ambiguity attitudes for overconf
 ident behavior. Optimistic ambiguity attitudes (ambiguity seeking) counter
 balanced the effect of pessimistic beliefs\, leading to neither over- nor 
 underconfident behavior. The second experiment applies our method in conte
 xts where\n\noverconfident behavior is expected to vary: easy vs. hard tas
 ks. Our results showed that task difficulty affected both beliefs and ambi
 guity attitudes. However\, while beliefs were more optimistic for relative
  performance (rank) and more pessimistic for absolute performance (score) 
 on easy tasks compared to hard tasks\, ambiguity attitudes were always mor
 e optimistic on easy tasks for both absolute and relative performance. Our
  findings show the subtle interplay between beliefs and ambiguity attitude
 s: they can reinforce or offset each other\, depending on the context\, in
 creasing or lowering overconfident behavior. \n\n \n\nBio: Han Bleichrodt 
 is full professor of economics at the University of Alicante\, Spain. Befo
 re he was full professor at Erasmus University in Rotterdam\, the Netherla
 nds and the Australian National University in Canberra\, Australia. His ma
 in areas of research are behavioral economics and health economics\, in pa
 rticular decision under risk and ambiguity\, intertemporal choice and the 
 measurement of quality of life. He has published 100 articles in peer revi
 ewed journals like Econometrica\, American Economic Review\, Management Sc
 ience\, Journal of Economic Theory\, Review of Economics and Statistics\, 
 and Journal of Health Economics. He has served on the boards of various jo
 urnals and was the department editor of Decision Analysis at Management Sc
 ience from 2014-2018.
GEO:34.018812;-118.283756
LOCATION:Verna and Peter Dauterive Hall (VPD)
SUMMARY:CESR Seminar & Brown Bag Series  - "Unpacking Overconfident Behavio
 r When Betting on Oneself"
URL;VALUE=URI:https://calendar.usc.edu/event/cesr_seminar_brown_bag_series_
 6110
CATEGORIES:Lecture / Talk / Workshop
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