Political ideology and overconfidence in decision-making

Detalhes bibliográficos
Autor(a) principal: Reis, Leonor Alves Minhós dos
Data de Publicação: 2020
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.14/29672
Resumo: This dissertation aims to analyze the correlation between overconfidence and political ideologies. Because we live in the European Union that is facing social and economic disintegrations as well as new challenges, it’s more usual to see the arising of more extreme, radical political ideologies. In this paper it is studied, based on previous literature, how conservatives/right-wing parties might display higher amounts of overconfidence bias than liberals/left-wing parties. With the assistance of an online survey, overconfidence is tested not only in financial literacy but also in decision making. Subjective and Objective Knowledge are also analyzed independently so that it is possible to correlate both overconfidence and political ideologies. Regression Models are also used. It was confirmed that it’s not possible to correlate objective knowledge and political ideology, however it wasn’t possible to confirm that conservatives do display higher amounts of overconfidence than liberals. It was concluded that political ideology might not be a good estimator for overconfidence.
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spelling Political ideology and overconfidence in decision-makingOverconfidencePolitical ideologyFinancial literacyDecision makingSubjective knowledgeObjective knowledgeDomínio/Área Científica::Ciências Sociais::Economia e GestãoThis dissertation aims to analyze the correlation between overconfidence and political ideologies. Because we live in the European Union that is facing social and economic disintegrations as well as new challenges, it’s more usual to see the arising of more extreme, radical political ideologies. In this paper it is studied, based on previous literature, how conservatives/right-wing parties might display higher amounts of overconfidence bias than liberals/left-wing parties. With the assistance of an online survey, overconfidence is tested not only in financial literacy but also in decision making. Subjective and Objective Knowledge are also analyzed independently so that it is possible to correlate both overconfidence and political ideologies. Regression Models are also used. It was confirmed that it’s not possible to correlate objective knowledge and political ideology, however it wasn’t possible to confirm that conservatives do display higher amounts of overconfidence than liberals. It was concluded that political ideology might not be a good estimator for overconfidence.Esta dissertação procura analisar a correlação entre ideologias políticas e o excesso de confiança. Porque atualmente vivemos na União Europeia que sofre com uma desintegração social e económica, e novos desafios, é frequente ver a ascensão de partidos e ideologias mais extremistas e radicais. Nesta dissertação é estudado como Conservadores/ Defensores de partidos de Extrema Direita cometem mais o erro de excesso de confiança do que os Liberais/Defensores de partidos de Extrema Esquerda, algo já defendido anteriormente noutros estudos científicos. Com o auxílio de um questionário realizado online, o excesso de confiança é testado no conhecimento financeiro, assim como na tomada de decisão de cada indivíduo. Conhecimento Subjetivo e Objetivo são também analisados independentemente, de forma a ser possível correlacionar o excesso de confiança com as diferentes ideologias políticas. Modelos de Regressão Linear são também usados. Foi confirmado que não é possível correlacionar conhecimento objetivo com ideologias políticas, no entanto, não foi possível confirmar que pessoas mais conservadoras demonstram maiores níveis de excesso de confiança do que liberais. Foi concluído que ideologias políticas não são o melhor estimador para prever o excesso de confiança de um individuo.Fernandes, Daniel Von Der HeydeVeritati - Repositório Institucional da Universidade Católica PortuguesaReis, Leonor Alves Minhós dos2020-02-24T11:01:22Z2020-01-2920202020-01-29T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10400.14/29672TID:202440281enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-07-12T17:35:13Zoai:repositorio.ucp.pt:10400.14/29672Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T18:23:50.381271Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Political ideology and overconfidence in decision-making
title Political ideology and overconfidence in decision-making
spellingShingle Political ideology and overconfidence in decision-making
Reis, Leonor Alves Minhós dos
Overconfidence
Political ideology
Financial literacy
Decision making
Subjective knowledge
Objective knowledge
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
title_short Political ideology and overconfidence in decision-making
title_full Political ideology and overconfidence in decision-making
title_fullStr Political ideology and overconfidence in decision-making
title_full_unstemmed Political ideology and overconfidence in decision-making
title_sort Political ideology and overconfidence in decision-making
author Reis, Leonor Alves Minhós dos
author_facet Reis, Leonor Alves Minhós dos
author_role author
dc.contributor.none.fl_str_mv Fernandes, Daniel Von Der Heyde
Veritati - Repositório Institucional da Universidade Católica Portuguesa
dc.contributor.author.fl_str_mv Reis, Leonor Alves Minhós dos
dc.subject.por.fl_str_mv Overconfidence
Political ideology
Financial literacy
Decision making
Subjective knowledge
Objective knowledge
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
topic Overconfidence
Political ideology
Financial literacy
Decision making
Subjective knowledge
Objective knowledge
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
description This dissertation aims to analyze the correlation between overconfidence and political ideologies. Because we live in the European Union that is facing social and economic disintegrations as well as new challenges, it’s more usual to see the arising of more extreme, radical political ideologies. In this paper it is studied, based on previous literature, how conservatives/right-wing parties might display higher amounts of overconfidence bias than liberals/left-wing parties. With the assistance of an online survey, overconfidence is tested not only in financial literacy but also in decision making. Subjective and Objective Knowledge are also analyzed independently so that it is possible to correlate both overconfidence and political ideologies. Regression Models are also used. It was confirmed that it’s not possible to correlate objective knowledge and political ideology, however it wasn’t possible to confirm that conservatives do display higher amounts of overconfidence than liberals. It was concluded that political ideology might not be a good estimator for overconfidence.
publishDate 2020
dc.date.none.fl_str_mv 2020-02-24T11:01:22Z
2020-01-29
2020
2020-01-29T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.14/29672
TID:202440281
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identifier_str_mv TID:202440281
dc.language.iso.fl_str_mv eng
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instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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