Overconfidence and the Big Five |
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Institution: | 1. Olayan School of Business, American University of Beirut, Lebanon;2. Surrey Business School, University of Surrey, GU2 7XH, UK;1. Sambhram Academy of Management Studies, Bangalore, India;2. RV Institute of Management, Bangalore, India |
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Abstract: | It has been consistently observed that people are generally overconfident when assessing their performance. In the current study, participants completed Goldberg's Big Five personality inventory and then completed a cognitive task designed to assess overconfidence (defined as the difference between confidence and accuracy). Extraversion significantly predicted overconfidence (with the other Big Five factors controlled statistically). In addition, openness/intellectance significantly predicted confidence and accuracy but not overconfidence (again, with the other Big Five factors controlled statistically). Theoretical implications and implications for future research are discussed. |
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