Parents — only slightly less overconfident than business school students

Asked to predict their grade on the first day of Thaler’s decision making class, about 95 percent of Chicago business school students say they will end up above the median grade.

Asked to assess their own children, 90 percent of parents rated their offspring as “above average” in the areas of intelligence, humor, sensitivity, and caring. This according to a study just published in the Journal of Applied Social Psychology.

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