“…Overconfidence may have negative consequences (Dunning, Heath, & Suls, 2004), such as medical diagnostic errors (e.g., Smith & Dumont, 1997;Haun et al, 2000) and economic losses due to excessive market entry (e.g., Camerer & Lovallo, 1999) or overexposure to risk (e.g., Malmendier & Tate, 2005). It is, therefore, important to understand how overconfidence, and miscalibration in general, can be reduced.…”