> I presume you mean irrationaly optimistic self-assesment? I'd say quite > a lot. But then comes the > hard question: what policy implications follow from this conclusion?
Yes, irrat self-assesment is a good word for it. Robin, I know you are a fan of taxing people for not using their abilities. How would you tax people here to make them more efficiently invest or make them have more rational self-assesments? A key free market principle is that investors better know how to spend money than the gov't. Should we be in the business of judging who is irrational? Fabio
