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Misperceptions About Others

Author

Listed:
  • David Y. Yang

    (Department of Economics, Harvard University, Cambridge, Massachusetts, USA)

  • Leonardo Bursztyn

    (Department of Economics, University of Chicago, Chicago, Illinois, USA)

Abstract

Perceptions about others play an important role in shaping people's attitudes and behaviors, as well as social norms more broadly. This review presents a meta-analysis of the recent empirical literature that examines perceptions about others in the field, covering over a million observations for a total of 434 elicited perceptions. We document a number of stylized facts. Misperceptions about others are widespread, asymmetric, much larger when about out-group members, and positively associated with one's own attitudes. Experimental treatments to recalibrate misperceptions generally work as intended; they sometimes lead to meaningful changes in behaviors, though this often occurs only immediately after the treatments. We discuss different conceptual frameworks that could explain the origin, persistence, and rigidity of misperceptions about others. We point to several directions for future research.

Suggested Citation

  • David Y. Yang & Leonardo Bursztyn, 2022. "Misperceptions About Others," Annual Review of Economics, Annual Reviews, vol. 14(1), pages 425-452, August.
    • Handle: RePEc:anr:reveco:v:14:y:2022:p:425-452
    DOI: 10.1146/annurev-economics-051520-023322
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    Keywords

    beliefs; misperceptions; meta-analysis; information treatment;
    All these keywords.

    JEL classification:

    • C8 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs
    • C9 - Mathematical and Quantitative Methods - - Design of Experiments
    • D7 - Microeconomics - - Analysis of Collective Decision-Making
    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty
    • D9 - Microeconomics - - Micro-Based Behavioral Economics

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