Overconfidence increases productivity

Arbeitspapier

Recent studies report that productivity increases under tournament reward structures than under piece rate reward structures. We conduct maze-solving experiments under both reward structures and reveal that overconfidence is a significant factor in increasing productivity. Specifically, subjects exhibiting progressively higher degrees of overconfidence solve more mazes. This result shows a positive aspect of overconfidence, which usually has been examined in its negative aspect as an expectation bias.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: ISER Discussion Paper ; No. 814

Classification and Topics

• Classification: Wirtschaft ; Compensation Packages; Payment Methods
• Subject: Expectation ; Overconfidence ; Reward structure ; Productivity ; Experiment ; Vertrauen ; Arbeitsproduktivität ; Leistungsanreiz ; Test

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Kinari, Yusuke ; Mizutani, Noriko ; Ohtake, Fumio ; Okudaira, Hiroko
• Event: Veröffentlichung
• (who): Osaka University, Institute of Social and Economic Research (ISER)
• (where): Osaka
• (when): 2011

Further information

• Handle: http://hdl.handle.net/10419/92869
• Last update: 10.03.2025, 11:45 AM CET