The Distribution of Confidence and Analysis of Time and Risk Preferences

Student: Zalevskii Vladislav

Faculty: International College of Economics and Finance

Educational Programme: Double degree programme in Economics of the NRU HSE and the University of London (Bachelor)

Year of Graduation: 2017

The main purposes of this research are to define the confidence distribution of individuals in common knowledge questions and at the same time value the risk and time preferences of the subjects. Both estimates will be used to test the hypothesis of their influence on the confidence level of participants. The sample size is 61 person, including 30 students and 31 middle managers of the banks. Using special techniques from developed literature the researchers obtained the following results. Individual variables were insignificant in major tests for risk, time and confidence. The connection between confidence level and risk and time preferences wasn’t observed. However, some parameters were significant. Overconfidence is present in both groups.

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