Ludwig, Sandra; Wichardt, Philipp C.; Wickhorst, Hanke - 2011 - This version: April 29, 2011
In this paper, we study the individual payoff effects of overconfident self-perception in teams. In particular, we demonstrate that the welfare of an overconfident agent in a team of one rational and one overconfident agent or a team of two overconfident agents can be higher than that of the...
