Dessi, Roberta; Zhao, Xiaojian - Toulouse School of Economics (TSE) - 2011
. The pattern is reversed when it comes to shame, a social emotion which appears to play a more important role among … investments. In this context, self-esteem maintenance (self-enhancement) and high sensitivity to shame emerge as substitute … low sensitivity to shame, and a \Japanese" equilibrium with high sensitivity to shame and no overconfidence. The analysis …