Arbeitspapier
Overconfidence Can Improve an Agent's Relative and Absolute Performance in Contests
This paper suggests a potential rationale for the recent empirical finding that overconfident agents tend to self-select into more competitive environments (e.g. Dohmen and Falk, forthcoming). In particular, it shows that moderate overconfidence in a contest can improve the agent's performance relative to an unbiased opponent and can even lead to an advantage for the overconfident agent in absolute terms.
- Sprache
-
Englisch
- Erschienen in
-
Series: Munich Discussion Paper ; No. 2010-35
- Klassifikation
-
Wirtschaft
Firm Behavior: Theory
Auctions
Asymmetric and Private Information; Mechanism Design
- Thema
-
Overconfidence
Contests
Vertrauen
Persönlichkeitspsychologie
Wettbewerb
Arbeitsleistung
Extensives Spiel
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Ludwig, Sandra
Wichardt, Philipp C.
Wickhorst, Hanke
- Ereignis
-
Veröffentlichung
- (wer)
-
Ludwig-Maximilians-Universität München, Volkswirtschaftliche Fakultät
- (wo)
-
München
- (wann)
-
2010
- DOI
-
doi:10.5282/ubm/epub.11885
- Handle
- URN
-
urn:nbn:de:bvb:19-epub-11885-3
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Ludwig, Sandra
- Wichardt, Philipp C.
- Wickhorst, Hanke
- Ludwig-Maximilians-Universität München, Volkswirtschaftliche Fakultät
Entstanden
- 2010
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