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Outcome bias in self-evaluations: Quasi-experimental field evidence from Swiss driving license exams.

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Bibliographic Details
Title: Outcome bias in self-evaluations: Quasi-experimental field evidence from Swiss driving license exams.
Authors: Meier, Pascal Flurin1 (AUTHOR) pascal-flurin.meier@business.uzh.ch, Flepp, Raphael1 (AUTHOR), Meier, Philippe1 (AUTHOR), Franck, Egon1 (AUTHOR)
Source: Journal of Economic Behavior & Organization. Sep2022, Vol. 201, p292-309. 18p.
Subjects: Self-evaluation, Regression discontinuity design
Abstract: • We examine whether people are outcome biased when self-evaluating their past decisions using field data from Swiss driving license exams. • We employ a quasi-experimental setting to address endogeneity concerns. • Candidates who narrowly passed the theoretical driving exam are significantly less likely to pass the subsequent practical driving exam compared to candidates who narrowly failed it. • Consistent with outcome bias, candidates who passed the theoretical exam are likely to prepare less for the practical exam. Exploiting a quasi-experimental field setting, we examine whether people are outcome biased when self-evaluating their past decisions. Using data from Swiss driving license exams, we find that candidates who narrowly passed the theoretical driving exam are significantly less likely to pass the subsequent practical driving exam – which is taken several months after the theoretical exam – than those who narrowly failed. Those candidates who passed the theoretical exam on their first attempt receive more objections regarding their momentary, on-the-spot decisions in the practical exam, consistent with the idea that the underlying behavioral difference is worse preparation. [ABSTRACT FROM AUTHOR]
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Database: Engineering Source
Description
Abstract:• We examine whether people are outcome biased when self-evaluating their past decisions using field data from Swiss driving license exams. • We employ a quasi-experimental setting to address endogeneity concerns. • Candidates who narrowly passed the theoretical driving exam are significantly less likely to pass the subsequent practical driving exam compared to candidates who narrowly failed it. • Consistent with outcome bias, candidates who passed the theoretical exam are likely to prepare less for the practical exam. Exploiting a quasi-experimental field setting, we examine whether people are outcome biased when self-evaluating their past decisions. Using data from Swiss driving license exams, we find that candidates who narrowly passed the theoretical driving exam are significantly less likely to pass the subsequent practical driving exam – which is taken several months after the theoretical exam – than those who narrowly failed. Those candidates who passed the theoretical exam on their first attempt receive more objections regarding their momentary, on-the-spot decisions in the practical exam, consistent with the idea that the underlying behavioral difference is worse preparation. [ABSTRACT FROM AUTHOR]
ISSN:01672681
DOI:10.1016/j.jebo.2022.07.013