Self-Evaluation and Overconfidence in Different Life Domains

Short Description:: We measure overconfidence in various domains of life and over several waves. These measures, in combination with the rich panel structure in the SOEP, allow us to examine the prevalence of overconfidence in different domains and how overconfidence responds to life events. We also investigate how overconfidence affects labor-market outcomes.

Available Papers
  • Arni, Patrick, Davide Dragone, Lorenz Götte, and Nicolas R. Ziebarth. 2020. Biased Health Perceptions and Risky Health Behaviors: Theory and Evidence. IZA DP No. 13308. Bonn: Institute of Labor Economics (IZA); Friehe, Tim, and Markus Pannenberg. 2019. Overconfidence over the lifespan: Evidence from Germany. Journal of Economic Psychology 74 (October 2019), 102207. (https://doi.org/10.1016/j.joep.2019.102207);

  • Friehe, Tim, and Markus Pannenberg. 2021. Time Preferences and Overconfident Beliefs: Evidence from Germany. Journal of Behavioral and Experimental Economics 92, 101651. (https://doi.org/10.1016/j.socec.2020.101651)

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Contact

Syear

Respondents

Dataset

Variables

Availability

Field

Method

Replication

Nicolas Ziebarth (Cornell University)

2014

~1500

inno

lohb1, im_ev, gesj, hekg, lohb2, bewz, hekj, zufj, zufz, gesz

04/2017

Economics

Survey items