Investment capability and self-estimation in light of the Dunning-Kruger Effect in Germany
- In recent years, several studies have reported inadequate financial capability. Studies in Germany have shown similar results. While there was no statewide initiative, learning offers were available. However, the financial capability level did not increase over time. As a possible reason, the Dunning-Kruger Effect was hypothesised. According to the Dunning-Kruger Effect, participants with low ability would simply lack the ability to realise their lack of ability. This study investigated the investment capability of participants in Germany and tested for a possible Dunning-Kruger Effect. The results have shown no evidence for a Dunning-Kruger Effect. The study’s results were supportive of literature critical on the Dunning-Kruger Effect.
| Author: | Thomas Weinmann |
|---|---|
| Advisor: | Uwe Hack |
| Document Type: | Bachelor Thesis |
| Language: | English |
| Year of Completion: | 2023 |
| Granting Institution: | Hochschule Furtwangen |
| Release Date: | 2023/08/31 |
| Tag: | Dunning-Kruger effect; Investment capability |
| Degree Program: | BMP - Business Management and Psychology |
| Functional area: | Andere/Other |
| Licence (German): |  Urheberrechtlich geschützt |