In this paper, we show that moderate overconfidence in a contest can improve the agent's performance relative to an unbiased opponent and even lead to an advantage in absolute terms.

Anhand eines Paneldatensatzes der drittelmitbestimmten Unternehmen im DAX, MDAX und SDAX zwischen 1998 und 2007 wird der tatsächliche Einfluss der Arbeitnehmervertreter im Aufsichtsrat über in der Spieltheorie etablierte Machtindizes gemessen. Dabei zeigt sich, dass faktisch trotz Erfüllung...

The effect of income and performance on quit behavior is analyzed for professional tennis players. By means of players’ data from the 1985 season until the 2007 season of the ATP-Tour, a stratified Cox regression shows that a higher annual prize money and better performance (measured for...

The effects of the three-point rule in the first league German soccer are tested empirically and compared to games from the German cup competition. The inclusion of cup games ensures that changes in league games can be attributed to the three-point rule. As a result of their relative...