Recent field evidence suggests a positive link between overconfidence and innovative activities. In this paper we argue … that the connection between overconfidence and innovation is more complex than the previous literature suggests. In … particular, we show theoretically and experimentally that different forms of overconfidence may have opposing effects on …

structures. We conduct maze-solving experiments under both reward structures and reveal that overconfidence is a significant … factor in increasing productivity. Specifically, subjects exhibiting progressively higher degrees of overconfidence solve … more mazes. This result shows a positive aspect of overconfidence, which usually has been examined in its negative aspect …

bet based on performance. The former procedure reproduces the "hard-easy effect" (overconfidence in easy tasks and …

overconfidence by US Americans and Italians further reduces their demand for redistribution under uncertainty. The "Prospect of …

identified overconfidence as one of the key drivers. Yet, prior research is non-experimental and focused on the so-called flat …-rate bias. By contrast, we examine the effects of overconfidence on the choice between a pay-per-use and a flat-rate option … overconfidence on tariff-choice decisions. We find that overconfident (underconfident) consumers underestimate (overestimate) their …

procedure reproduces the "hard-easy effect" (overconfidence in easy tasks and underconfidence in hard tasks) found in a large …

observe that underconfidence beats overconfidence in both respects. Underconfident subjects are rewarded significantly more …

Recent field evidence suggests a positive link between overconfidence and innovative activities. In this paper we argue … that the connection between overconfidence and innovation is more complex than the previous literature suggests. In … particular, we show theoretically and experimentally that different forms of overconfidence may have opposing effects on …