Denter, Philipp; Morgan, John; Sisak, Dana D. - 2018
the incumbent. In equilibrium though, showing off occurs only when the newbie is exceptionally talented compared to the … incumbent. Surprisingly, showing off occurs to the benefit of both parties; the newbie benefits for obvious reasons, the … incumbent by economizing on wasted effort when overmatched. We use our findings to study the broader consequences of showing off …