| By: |
Verena Jung (EBS Business School);
Sascha L. Schmidt (EBS Business School);
Benno Torgler (QUT) |
| Abstract: |
Unrealistic optimism is a commonly observed bias in the perception of chances.
In this paper, we examine whether the bias is also present among young elite
soccer players (10 to 23 years old) who receive regular objective feedback
through external assessments. Utilising a large unique data set of almost 1600
individuals allows us to explore the empirical validation of the ipsative
theory of human behaviour. In particular, we analyse how factors such as age
or experience, education, peer group performance, and the level of integration
into culture exert influence over young elite athletes' perceived chance of
becoming a professional player. Working with a homogeneous dataset of
individuals possessing similar characteristics and professional goals allows
us to control for and isolate (unobserved) factors that may shape perceptions. |
| Keywords: |
Perception of chances, unrealistic optimism, ipsative possibility set, integration effects, soccer |
| JEL: |
L83 D81 D03 J15 |
| Date: |
2012–08–14 |
| URL: |
https://d.repec.org/n?u=RePEc:qut:dpaper:292 |