Showing 1 - 10 of 132
experiment. We investigate whether information provision attracts mainly high productivity individuals and reduces competition … decision problem and to update beliefs about success. In the experiment, subjects face the choice between a competition game …
Persistent link: https://www.econbiz.de/10011279246
experiment. In the experiment, all subjects go through a series of quiz questions and subsequently report a performance measure …
Persistent link: https://www.econbiz.de/10011279286
This paper studies the impact of incentives on worker self-selection in a controlled laboratory experiment. In a first … additional individual characteristics such as subjects’ risk attitudes, measures of selfassessment and overconfidence, social … overconfidence affect worker self-selection, in particular into tournaments. Fourth, risk averse workers prefer fixed payments and …
Persistent link: https://www.econbiz.de/10005703774
Evidence on behavior of experts in credence goods markets raises an important causality issue: Do "fair prices" induce "good behavior", or do "good experts" post "fair prices"? To answer this question we propose and test a model with three seller types: "the good" choose fair prices and behave...
Persistent link: https://www.econbiz.de/10011279266
labor market trajectories. Using an experiment to derive students' levels of overconfidence, and preferences for … and overconfidence, but not risk aversion, is systematically related with expectations about future earnings: individuals … in overconfidence and competitiveness explain about 18% of the gender gap in earnings expectations. These experimental …
Persistent link: https://www.econbiz.de/10010959644
We present evidence from an experiment in which groups select a leader to compete against the leaders of other groups … underrepresentation of women, namely, gender differences in overconfidence concerning past performance, in the willingness to exaggerate … past performance to the group, and in the reaction to monetary incentives. We find that men’s overconfidence is the driving …
Persistent link: https://www.econbiz.de/10008693848
A tradition from Knight (1921) argues that more risk tolerant individuals are more likely to become entrepreneurs, but perform worse. We test these predictions with two risk tolerance proxies: stock market participation and personal leverage. Using investment data for 400,000 individuals, we...
Persistent link: https://www.econbiz.de/10010610137
information leads people to choose tasks that raise expected output, however extreme overconfidence leads people to undertake … tasks that are excessively challenging. Consistent with our results, psychologists have found that moderate overconfidence …
Persistent link: https://www.econbiz.de/10005039646
Using a large running race in Sweden, this study shows that there are male-dominated environments in which the selection of women who participate are more likely to be confident/competitive and that, within this group, performance improves equally for both genders.
Persistent link: https://www.econbiz.de/10005822984
relatively. We test three different theories about observed relative overconfidence. The first theory notes that simple … asymmetry produces overconfidence (Kőszegi, 2006; Weinberg, 2006). We test an important specific prediction of these models … might make this belief worse. Our data also reject this prediction. The third theory is that overconfidence is induced by …
Persistent link: https://www.econbiz.de/10008529123