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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/10010291552
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/10010332036
Persistent link: https://www.econbiz.de/10014495327
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/10010481556
an experiment based on two-stage games, where R&D investment choices are followed by product market competition. An … experiment it turns out that the way of modeling the intensity of competition is essential. The theoretical prediction is …
Persistent link: https://www.econbiz.de/10010315551
The paper analyzes the effects of more intense competition on firms' incentives to invest in process innovations. We carry out experiments based on two-stage games, where R&D investment choices are followed by product market competition. As predicted by theory, an increase in the number of firms...
Persistent link: https://www.econbiz.de/10010315588
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/10010316868
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/10010290528
artifactual online experiment, subjects located in a European Union member state took a dichotomous choice between a cash prize …
Persistent link: https://www.econbiz.de/10011688300
Do politico-economic systems influence how control affects motivation? We hypothesize that control aversion, meaning crowding-out of intrinsic motivation due to enforcement, has evolved less under the coercive regime of East Germany than under the liberal regime of West Germany. We test this...
Persistent link: https://www.econbiz.de/10012099184