Overconfidence is an overestimation of one’s own ability that is often associated with an underestimation of risks and inflated estimation of one’s future success. Debiasing overconfidence through tort law is not an easy task. If people tend to believe that risks are less likely to materialize for themselves than for others, they inadequately react to legal threats and incentives. For example, overconfidence may lead to the assumption of excessive risks, undermining the deterrent effect of liability rules, even if parties are provided accurate information about statistical facts.

Beyond Debiasing: Overconfidence in Tort Law / Luppi, Barbara; Francesco, Parisi. - In: QUEEN'S LAW JOURNAL. - ISSN 0316-778X. - STAMPA. - 47:(2009), pp. 47-66.

Beyond Debiasing: Overconfidence in Tort Law

LUPPI, Barbara;
2009

Abstract

Overconfidence is an overestimation of one’s own ability that is often associated with an underestimation of risks and inflated estimation of one’s future success. Debiasing overconfidence through tort law is not an easy task. If people tend to believe that risks are less likely to materialize for themselves than for others, they inadequately react to legal threats and incentives. For example, overconfidence may lead to the assumption of excessive risks, undermining the deterrent effect of liability rules, even if parties are provided accurate information about statistical facts.
47
47
66
Beyond Debiasing: Overconfidence in Tort Law / Luppi, Barbara; Francesco, Parisi. - In: QUEEN'S LAW JOURNAL. - ISSN 0316-778X. - STAMPA. - 47:(2009), pp. 47-66.
Luppi, Barbara; Francesco, Parisi
File in questo prodotto:
Non ci sono file associati a questo prodotto.
Pubblicazioni consigliate

Caricamento pubblicazioni consigliate

Licenza Creative Commons
I metadati presenti in IRIS UNIMORE sono rilasciati con licenza Creative Commons CC0 1.0 Universal, mentre i file delle pubblicazioni sono rilasciati con licenza Attribuzione 4.0 Internazionale (CC BY 4.0), salvo diversa indicazione.
In caso di violazione di copyright, contattare Supporto Iris

Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/11380/608840
Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus ND
  • ???jsp.display-item.citation.isi??? ND
social impact