Overconfidence and Prejudice.
We develop a model of multi-dimensional misspecified learning in which an overconfident agent learns about groups in society from observations of his and others' successes. We show that the average person sees his group relative to other groups too positively, and this in-group bias exhibits systema...
| Publicado en: | Review of Economic Studies Vol. 93; no. 2; pp. 968 - 1001 |
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| Autores principales: | , , |
| Formato: | Artículo |
| Publicado: |
Oxford University Press / USA
Mar2026
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=192334044&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 192334044 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00346527 REM jtl: Review of Economic Studies issn: 00346527 maglogo: N pubinfo: dt: Mar2026 vid: 93 iid: 2 pid: 622 pub: Oxford University Press / USA artinfo: ui: 192334044 10.1093/restud/rdaf048 ppf: 968 ppct: 33 formats: tig: atl: Overconfidence and Prejudice. aug: au: Heidhues, Paul Kőszegi, Botond Strack, Philipp affil: DICE, Heinrich-Heine University Düsseldorf, Germany University of Bonn, Germany Yale University, USA su: Prejudices Ingroups (Social groups) Learning Socioeconomic factors Social contact Pride & vanity Social groups sug: subj: Prejudices Ingroups (Social groups) Learning Socioeconomic factors Social contact Pride & vanity Social groups keyword: Beliefs copyrightHolder:Review of Economic Studies Ltd copyrightYear:2026 inLanguage:en Inter-group beliefs Misspecified learning Overconfidence Prejudice publisher:Oxford University Press sameAs:https://dx.doi.org/10.1093/restud/rdaf048 Beliefs copyrightHolder:Review of Economic Studies Ltd copyrightYear:2026 inLanguage:en Inter-group beliefs Misspecified learning Overconfidence Prejudice publisher:Oxford University Press sameAs:https://dx.doi.org/10.1093/restud/rdaf048 ab: We develop a model of multi-dimensional misspecified learning in which an overconfident agent learns about groups in society from observations of his and others' successes. We show that the average person sees his group relative to other groups too positively, and this in-group bias exhibits systematic comparative-statics patterns. First, a person is most likely to have negative opinions about other groups he competes with. Second, while information about another group's achievements does not lower a person's prejudice, information about economic or social forces affecting the group can, and personal contact with group members has a beneficial effect that is larger than in classical settings. Third, the agent's beliefs are subject to "bias substitution", whereby forces that decrease his bias regarding one group tend to increase his biases regarding unrelated other groups. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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