This paper suggests a potential rationale for the recent empirical finding that overconfident agents tend to self-select into more competitive environments (e.g. Dohmen and Falk, forthcoming). In particular, it shows that moderate overconfidence in a contest can improve the agent's performance...

This paper suggests a potential rationale for the recent empirical finding that overconfident agents tend to self-select into more competitive environments (e.g. Dohmen and Falk, forthcoming). In particular, it shows that moderate overconfidence in a contest can improve the agent's performance...

This paper suggests a potential rationale for the recent empirical finding that overconfident agents tend to self-select into more competitive environments (e.g. Dohmen and Falk, 2006). In particular, it shows that moderate overconfidence in a contest can improve the agent's performance relative...

The finals of bicycle races have certain peculiarities compared to other sports. The leading group in a bicycle race rides comparatively slowly up to a few meters before the finishing line, until one of the competitors tries to shake off his opponents. Only then do all riders perform to the...

The finals of bicycle races have certain peculiarities compared to other sports. The leading group in a bicycle race rides comparatively slowly up to a few meters before the finishing line, until one of the competitors tries to shake off his opponents. Only then do all riders perform to the...