A Statistical Explanation of the Dunning-Kruger Effect
Tinbergen Institute Discussion Paper 2021-092/III
17 Pages Posted: 2 Nov 2021
Date Written: October 04, 2021
Abstract
An explanation of the Dunning-Kruger effect is provided which does not require any psychological explanation, because it is derived as a statistical artefact. This is achieved by specifying a simple statistical model which explicitly takes the (random) boundary constraints into account. This model fits the data perfectly.
Keywords: Dunning-Kruger Effect, Boundary Conditions, Tobit Model
JEL Classification: A23, C24, C91, D84, D91, I21
Suggested Citation: Suggested Citation
Magnus, Jan R. and Peresetsky, Anatoly, A Statistical Explanation of the Dunning-Kruger Effect (October 04, 2021). Tinbergen Institute Discussion Paper 2021-092/III, Available at SSRN: https://ssrn.com/abstract=3951845 or http://dx.doi.org/10.2139/ssrn.3951845
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