#25 – Julia Shvets on Overconfidence, Rank Incentives, and Lab vs Field Experiments
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Are You Overconfident About Your Health?
A study by am park and santospinto, they find that chess players who repeatedly play in tournaments are systematically over confident about their chances of winning. And this is a very interesting piece of evidence, because remember our initial discussion about making mistakes when you don't have any information versus not processing information correctly. Well, unlike people who are trisked from huntington disease, who really it's a one off thing in your lifetime, these chess players actually play games repeatedly, so they are the kind of guys that have a lot of information.
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