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How Do Judgmental Overconfidence and Overoptimism Shape Innovative Activity?
Herz, Holger; Schunk, Daniel; Zehnder, Christian - CESifo - 2013
that the connection between overconfidence and innovation is more complex than the previous literature suggests. In … innovative activity. While overoptimism leads to an innovation enhancing effect, judgmental overconfidence inhibits innovation …. Our results indicate that future research is well advised to take into account that the relationship between innovation …
Persistent link: https://www.econbiz.de/10010877694
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Understanding Perpetual R&D Races
Breitmoser, Yves; Tan, Jonathan H.W.; Zizzo, Daniel John - Centre for Decision Research and Experimental Economics … - 2008
This paper presents an experimental study of dynamic indefinite horizon R&D races with uncertainty and multiple prizes. The theoretical predictions are highly sensitive: small parameter changes determine whether technological competition is sustained, or converges into a market structure with an...
Persistent link: https://www.econbiz.de/10005150908
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Understanding Perpetual R&D Races
Breitmoser, Yves; Tan, Jonathan H.W.; Zizzo, Daniel John - Centre for Decision Research and Experimental Economics … - 2008
This paper presents an experimental study of dynamic indefinite horizon R&D races with uncertainty and multiple prizes. The theoretical predictions are highly sensitive: small parameter changes determine whether technological competition is sustained, or converges into a market structure with an...
Persistent link: https://www.econbiz.de/10010552256
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Understanding Perpetual R&D Races
Breitmoser, Yves; Tan, Jonathan H. W.; Zizzo, Daniel John - Centre for Competition Policy, University of East Anglia - 2008
This paper presents an experimental study of dynamic indefinite horizon R and D races with uncertainty and multiple prizes. The theoretical predictions are highly sensitive: small parameter changes determine whether technological competition is sustained, or converges into a market structure...
Persistent link: https://www.econbiz.de/10004968057
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A Test of Perpetual R&D Races
Breitmoser, Yves; Tan, Jonathan H. W.; Zizzo, Daniel John - Centre for Competition Policy, University of East Anglia - 2006
This paper presents an experimental study of dynamic indefinite horizon R and D races with uncertainty and multiple prizes. The theoretical predictions are highly sensitive: small parameter changes determine whether technological competition is sustained, or converges into a market structure...
Persistent link: https://www.econbiz.de/10005001434
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Quasi-Rational R&D Behavior in an Environment with Fundamental Uncertainty
Erlei, Mathias; Dimmig, Anne-Kathrin - Institut für Wirtschaftswissenschaft, Technische … - 2012
uncertainty. We designed a multi-period experiment in which each period consisted of two stages, an R&D phase and a pricing stage …. Participants in the experiment had almost no information about the underlying functions, parameters, and probabilities. Subjects …’ behavior in the fundamentally uncertain environment of our experiment may best be characterized as some kind of procedural …
Persistent link: https://www.econbiz.de/10010737505
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How do judgmental overconfidence and overoptimism shape innovative activity?
Herz, Holger; Schunk, Daniel; Zehnder, Christian - In: Games and Economic Behavior 83 (2014) C, pp. 1-23
that the connection between overconfidence and innovation is more complex than the previous literature suggests. In … innovative activity. While overoptimism is positively associated with innovation, judgmental overconfidence is negatively linked … to innovation. Our results indicate that future research is well advised to take into account that the relationship …
Persistent link: https://www.econbiz.de/10010738050
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The effects of economic status and recent experience on innovative behavior under environmental variability: an experimental approach
Rijnsoever, van; Meeus, Marius; Donders, Roger - Utrecht University, Department of Innovation Studies - 2012
and one conducted as a discrete choice experiment. Currently experiments are rarely conducted in the field of innovation …), which evolved from the so-called innovation boundary. This is the threshold beyond which the display of innovative behavior … becomes attractive. We show how environmental change creates uncertainty about the position of the innovation boundary …
Persistent link: https://www.econbiz.de/10010618404
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The effects of economic status and recent experience on innovative behavior under environmental variability: An experimental approach
Rijnsoever, Frank J. van; Meeus, Marius T.H.; Donders, … - In: Research Policy 41 (2012) 5, pp. 833-847
and one conducted as a discrete choice experiment. Currently experiments are rarely conducted in the field of innovation …), which evolved from the so-called innovation boundary. This is the threshold beyond which the display of innovative behavior … becomes attractive. We show how environmental change creates uncertainty about the position of the innovation boundary …
Persistent link: https://www.econbiz.de/10010572676
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How do judgmental overconfidence and overoptimism shape innovative activity?
Herz, Holger; Schunk, Daniel; Zehnder, Christian - Institut für Volkswirtschaftslehre, … - 2013
that the connection between overconfidence and innovation is more complex than the previous literature suggests. In … innovative activity. While overoptimism is positively associated with innovation, judgmental overconfidence is negatively linked … to innovation. Our results indicate that future research is well advised to take into account that the relationship …
Persistent link: https://www.econbiz.de/10010817242