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.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: ISER Discussion Paper ; No. 814

Klassifikation und Themen

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

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Kinari, Yusuke ; Mizutani, Noriko ; Ohtake, Fumio ; Okudaira, Hiroko
• Ereignis: Veröffentlichung
• (wer): Osaka University, Institute of Social and Economic Research (ISER)
• (wo): Osaka
• (wann): 2011

Weitere Informationen

• Handle: http://hdl.handle.net/10419/92869
• Letzte Aktualisierung: 20.09.2024, 08:23 MESZ