Abstract
An explanation of the Dunning–Kruger effect is provided which does not require any psychological explanation, because it is derived as a statistical artifact. This is achieved by specifying a simple statistical model which explicitly takes the (random) boundary constraints into account. The model fits the data almost perfectly. JEL Classification: A22; C24; C91; D84; D91; I21
| Original language | English |
|---|---|
| Article number | 840180 |
| Pages (from-to) | 1-9 |
| Number of pages | 9 |
| Journal | Frontiers in Psychology |
| Volume | 13 |
| Issue number | March |
| Early online date | 25 Mar 2022 |
| DOIs | |
| Publication status | Published - Mar 2022 |
Bibliographical note
Funding Information:We are grateful to two referees and to the editor for their positive and constructive comments.
Publisher Copyright:
Copyright © 2022 Magnus and Peresetsky.
Funding
We are grateful to two referees and to the editor for their positive and constructive comments.
Keywords
- boundary conditions
- conditional expectation
- Dunning–Kruger effect
- tobit model
- underestimation and overestimation