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Social Comparison and Confidence: When Thinking You’re Better than Average Predicts Overconfidence

dc.contributor.authorBurson, Katherine A.
dc.contributorLarrick, Richard P.
dc.contributorSoll, Jack B.
dc.date.accessioned2006-08-10T17:37:59Z
dc.date.available2006-08-10T17:37:59Z
dc.date.issued2005
dc.identifier1016en
dc.identifier.urihttps://hdl.handle.net/2027.42/41218
dc.description.abstractA common social comparison bias—the better-than-average-effect—is frequently described as psychologically equivalent to the individual judgment bias known as overconfidence. However, research has found “hard-easy” effects for each bias that yield a seemingly paradoxical reversal: Hard tasks tend to produce overconfidence but worse-than-average perceptions, whereas easy tasks tend to produce underconfidence and better-than-average effects. We argue that the two biases are in fact positively related because they share a common psychological basis in subjective feelings of competence, but that the “hard-easy” reversal is both empirically possible and logically necessary under specifiable conditions. Two studies are presented to support these arguments. We find little support for personality differences in these biases, and conclude that domain-specific feelings of competence account best for their relationship to each other.en
dc.format.extent350780 bytes
dc.format.mimetypeapplication/pdf
dc.language.isoen_US
dc.subjectsocial comparisonen
dc.subjectconfidenceen
dc.titleSocial Comparison and Confidence: When Thinking You’re Better than Average Predicts Overconfidenceen
dc.typeWorking Paperen_US
dc.subject.hlbsecondlevelEconomicsen_US
dc.subject.hlbtoplevelBusinessen_US
dc.contributor.affiliationumRoss School of Businessen
dc.contributor.affiliationotherDuke Universityen
dc.contributor.affiliationotherDuke Universityen
dc.contributor.affiliationumcampusAnn Arbor
dc.description.bitstreamurlhttp://deepblue.lib.umich.edu/bitstream/2027.42/41218/1/1016.pdfen_US
dc.owningcollnameBusiness, Stephen M. Ross School of - Working Papers Series


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