Konferenzbeitrag
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, 2006). 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 of the overconfident agent in absolute terms.
- Language
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Englisch
- Bibliographic citation
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Series: Beiträge zur Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie - Session: Principal Agent Problems ; No. G15-V1
- Classification
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Wirtschaft
Firm Behavior: Theory
Auctions
Asymmetric and Private Information; Mechanism Design
- Subject
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Overconfidence
Contests
- Event
-
Geistige Schöpfung
- (who)
-
Ludwig, Sandra
Wichardt, Philipp C.
Wickhorst, Hanke
- Event
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Veröffentlichung
- (who)
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Verein für Socialpolitik
- (where)
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Frankfurt a. M.
- (when)
-
2010
- Handle
- Last update
-
10.03.2025, 11:45 AM CET
Data provider
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Konferenzbeitrag
Associated
- Ludwig, Sandra
- Wichardt, Philipp C.
- Wickhorst, Hanke
- Verein für Socialpolitik
Time of origin
- 2010
Other Objects (12)
Overconfidence Can Improve an Agent's Relative and Absolute Performance in Contests
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Gender differences in overconfidence and decision-making in high-stakes competitions: Evidence from freediving contests
Gender differences in overconfidence and decision making in high-stakes competitions: evidence from freediving contests
Absolute und relative Bewegung
Relative und absolute Geschmacksurteile
Wahrheit - relativ oder absolut?
"Absolute und relative Wahrheit"
Relative Schwerebestimmungen, Absolute Schwerebestimmungen
Relative oder absolute Moral
Absolute oder relative Bewegung?
Overconfidence Can Improve an Agent's Relative and Absolute Performance in Contests
Absolute vs. relative success: Why overconfidence is an inefficient equilibrium
Absolute vs. relative success: Why overconfidence is an inefficient equilibrium
Gender differences in overconfidence and decision-making in high-stakes competitions: Evidence from freediving contests
Gender differences in overconfidence and decision making in high-stakes competitions: evidence from freediving contests
Absolute und relative Bewegung
Relative und absolute Geschmacksurteile
Wahrheit - relativ oder absolut?
"Absolute und relative Wahrheit"
Relative Schwerebestimmungen, Absolute Schwerebestimmungen
Relative oder absolute Moral
Absolute oder relative Bewegung?
Overconfidence Can Improve an Agent's Relative and Absolute Performance in Contests
Absolute vs. relative success: Why overconfidence is an inefficient equilibrium
Absolute vs. relative success: Why overconfidence is an inefficient equilibrium
Gender differences in overconfidence and decision-making in high-stakes competitions: Evidence from freediving contests
Gender differences in overconfidence and decision making in high-stakes competitions: evidence from freediving contests
Absolute und relative Bewegung
Relative und absolute Geschmacksurteile
Wahrheit - relativ oder absolut?
"Absolute und relative Wahrheit"
Relative Schwerebestimmungen, Absolute Schwerebestimmungen
Relative oder absolute Moral