Is overconfidence a motivated bias? Experimental evidence.

Are overconfident beliefs driven by the motivation to view oneself positively? We test the relationship between motivation and overconfidence using two distinct, but often conflated measures: better-than-average (BTA) beliefs and overplacement. Our results suggest that motivation can indeed affect these faces of overconfidence, but only under limited conditions. Whereas BTA beliefs are inflated by motivation, introducing some specificity and...