Confidence, Overconfidence, and Retirement Planning

RAND Behavioral Finance Webinar

Andrew M. Parker

ResearchPublished Dec 17, 2013

This talk first reviews the literature on confidence and decisionmaking and then goes on to present results from data analyzed from a national sample recruited through RAND's American Life Panel, an Internet panel study of U.S. adults aged 18–88 years, which examined the relationship of confidence with self-reported and actual financial decisions, using four different tasks, each performed by overlapping samples of American Life Panel participants. Implications for the role of confidence in investment behavior is discussed.

Topics

Document Details

Citation

RAND Style Manual
Parker, Andrew M., Confidence, Overconfidence, and Retirement Planning: RAND Behavioral Finance Webinar, RAND Corporation, PT-117, 2013. As of September 7, 2024: https://www.rand.org/pubs/presentations/PT117.html
Chicago Manual of Style
Parker, Andrew M., Confidence, Overconfidence, and Retirement Planning: RAND Behavioral Finance Webinar. Santa Monica, CA: RAND Corporation, 2013. https://www.rand.org/pubs/presentations/PT117.html.
BibTeX RIS

This publication is part of the RAND presentation series. RAND presentations may include recorded briefings related to a body of RAND research, videos of congressional testimonies, and multimedia presentations on topics or RAND capabilities.

This document and trademark(s) contained herein are protected by law. This representation of RAND intellectual property is provided for noncommercial use only. Unauthorized posting of this publication online is prohibited; linking directly to this product page is encouraged. Permission is required from RAND to reproduce, or reuse in another form, any of its research documents for commercial purposes. For information on reprint and reuse permissions, please visit www.rand.org/pubs/permissions.

RAND is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.