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.
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