#25 – Julia Shvets on Overconfidence, Rank Incentives, and Lab vs Field Experiments
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Is There a Conflict Between Field and Lab Data in Behavioral Economics?
We see some studies on rank than in the lab experiments, where we see that people really care about rink. But if that's all that is happening in your little experiment, then it's natural that it becomes very salient to people. Sit's very hard to conclude whether in the real world, where there're so many different things competing for people's attention, they would care as much about rank. And for instance, in your over confidence example, we have really neat, clear examples of over confidence in the lad because you can isolate over confidence from other things. In general, your kind of a field result might be little murkye little more equivocal or messier just because there are
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