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It's not my fault! : self-confidence and experimentation
Hestermann, Nina; Le Yaouanq, Yves - 2019 - Current draft: October 8, 2018
We study the inference and experimentation problem of an agent in a situation where the outcomes depend on the …
Persistent link: https://www.econbiz.de/10011966912
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It's not my fault! : self-confidence and experimentation
Hestermann, Nina; Le Yaouanq, Yves - 2018 - Current draft: October 8, 2018
We study the inference and experimentation problem of an agent in a situation where the outcomes depend on the …
Persistent link: https://www.econbiz.de/10011930663
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Non-common priors, incentives, and promotions : the role of learning
Fahn, Matthias; Klein, Nicolas Alexandre - 2023
decreases over time and learning exacerbates his exploitation, unless he has been revealed to be talented. Therefore, the …
Persistent link: https://www.econbiz.de/10014292070
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Some evolutionary foundations for price level rigidity
Saint-Paul, Gilles - 2002
This paper shows that price rigidity evolves in an economy populated by imperfectly rational agents who experiment with alternative rules of thumb. In the model, firms must set their prices in face of aggregate demand shocks. Their payoff depends on the level of aggregate demand, as well as on...
Persistent link: https://www.econbiz.de/10011409938
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Dynamic performance evaluation with deadlines : the role of commitment
Chen, Chia-hui; Ishida, Junichiro - 2017
must induce the agent to exert effort to facilitate her learning process. The value of committing to a deadline is examined …
Persistent link: https://www.econbiz.de/10011756012
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Career concerns with exponential learning
Bonatti, Alessandro; Hörner, Johannes - In: Theoretical economics : TE ; an open access journal in … 12 (2017) 1, pp. 425-475
This paper examines the interplay between career concerns and market structure. Ability and effort are complements: effort increases the probability that a skilled agent achieves a one-time breakthrough. Wages are based on assessed ability and on expected output. Effort levels at different times...
Persistent link: https://www.econbiz.de/10011704848
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A simple model of self-assessments
Dominguez-Martinez, Silvia; Swank, Otto H. - 2006
We develop a simple model that describes individuals’ self-assessments oftheir abilities. We assume that individuals learn about their abilities from appraisalsof others and experience. Our model predicts that if communicationis imperfect, then (i) appraisals of others tend to be too positive,...
Persistent link: https://www.econbiz.de/10011348342
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Deception and self-deception
Schwardman, Peter; Weele, Joël J. van der - 2016
We experimentally investigate the determinants of overconfidence and test the hypothesis, advanced by Robert Trivers …, that overconfidence serves to more effectively persuade or deceive others. After performing a cognitively challenging task …
Persistent link: https://www.econbiz.de/10011441641
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The curse of knowledge increases self-selection into competition : experimental evidence
Danz, David - 2014 - Rev.
overconfidence and overentry into competition. In a broader context, the results provide an explanation for the overconfidence of …
Persistent link: https://www.econbiz.de/10010403249
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Anxiety, overconfidence, and excessive risk taking
Eisenbach, Thomas M.; Schmalz, Martin C. - 2015
We provide a preference-based rationale for endogenous overconfidence. Horizon-dependent risk aversion, combined with a … possibility to forget, can generate overconfidence and excessive risk taking in equilibrium. An "anxiety prone" agent, who is more … results to the literature on empirically observed overconfidence and excessive risk taking in several domains of financial and …
Persistent link: https://www.econbiz.de/10010482950