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I investigate whether two mechanisms leading to biased beliefs about success, overconfidence and competition neglect, influence decisions to enter competitive environments. I use a controlled laboratory setting that allows to elicit belief distributions related to absolute as well as relative...
Persistent link: https://www.econbiz.de/10011932952
developed rivalry. We find that the principal reacts to his agents' competitive preferences through a reallocation of incentive … exhibit rivalry while the other ideally should behave completely egoistically. …
Persistent link: https://www.econbiz.de/10010427754
measures as well as on a firm’s profitability. We consider rivalry, egoism and altruism as extreme forms within the continuum …
Persistent link: https://www.econbiz.de/10010427755