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

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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]
Copyright of Journal of Economic Behavior & Organization is the property of Elsevier B.V. and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
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  Data: Outcome bias in self-evaluations: Quasi-experimental field evidence from Swiss driving license exams.
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  Data: <searchLink fieldCode="AR" term="%22Meier%2C+Pascal+Flurin%22">Meier, Pascal Flurin</searchLink><relatesTo>1</relatesTo> (AUTHOR)<i> pascal-flurin.meier@business.uzh.ch</i><br /><searchLink fieldCode="AR" term="%22Flepp%2C+Raphael%22">Flepp, Raphael</searchLink><relatesTo>1</relatesTo> (AUTHOR)<br /><searchLink fieldCode="AR" term="%22Meier%2C+Philippe%22">Meier, Philippe</searchLink><relatesTo>1</relatesTo> (AUTHOR)<br /><searchLink fieldCode="AR" term="%22Franck%2C+Egon%22">Franck, Egon</searchLink><relatesTo>1</relatesTo> (AUTHOR)
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  Data: <searchLink fieldCode="JN" term="%22Journal+of+Economic+Behavior+%26+Organization%22">Journal of Economic Behavior & Organization</searchLink>. Sep2022, Vol. 201, p292-309. 18p.
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  Data: <searchLink fieldCode="DE" term="%22Self-evaluation%22">Self-evaluation</searchLink><br /><searchLink fieldCode="DE" term="%22Regression+discontinuity+design%22">Regression discontinuity design</searchLink>
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  Data: • 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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  Label:
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  Data: <i>Copyright of Journal of Economic Behavior & Organization is the property of Elsevier B.V. and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract.</i> (Copyright applies to all Abstracts.)
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      – Type: doi
        Value: 10.1016/j.jebo.2022.07.013
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      – Code: eng
        Text: English
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        PageCount: 18
        StartPage: 292
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      – SubjectFull: Self-evaluation
        Type: general
      – SubjectFull: Regression discontinuity design
        Type: general
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      – TitleFull: Outcome bias in self-evaluations: Quasi-experimental field evidence from Swiss driving license exams.
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            NameFull: Meier, Pascal Flurin
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            NameFull: Flepp, Raphael
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            – D: 01
              M: 09
              Text: Sep2022
              Type: published
              Y: 2022
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              Value: 201
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