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This paper discusses the actual relevance and historical origins or ‘competition universalism’. In economics, competition is conceptualized as a nearly ubiquitous element of societies, or, at least, used to study a wide array of social and political relations, including competition between...
Persistent link: https://www.econbiz.de/10013224704
This paper discusses the actual relevance and historical origins or 'competition universalism'. In economics, competition is conceptualized as a nearly ubiquitous element of societies, or, at least, used to study a wide array of social and political relations, including competition between firms...
Persistent link: https://www.econbiz.de/10012521091
This study examines gender differences in overconfidence and decision-making in a high-stakes environment. Using data on more than 40,000 individual attempts from international freediving competitions, we provide evidence that women, on average, are less likely than men to overestimate their...
Persistent link: https://www.econbiz.de/10012295922
Individuals face competitive environments daily, and it is important to understand how emotions affect behavior in … reported emotions in tournament performance and assess how the behavioral response differs across genders. The first stage … serves to induce emotions, while the second stage presents the subject with a one-on-one winner-take-all tournament with the …
Persistent link: https://www.econbiz.de/10011709205
We test the hypothesis that strategic interactions foster overconfidence. We experimentally compare an environment where players have an incentive to overstate their own ability to deter competitors, with one where this incentive is removed. We find that overconfidence persists in the former...
Persistent link: https://www.econbiz.de/10012859977
The purpose of this article is to develop an ordonomic conceptualization of corporate citizenship and new governance that (a) provides a framework for positively explaining the political participation of companies in new governance processes and (b) does not weaken but instead strengthens the...
Persistent link: https://www.econbiz.de/10011786669
The purpose of this article is to develop an ordonomic conceptualization of corporate citizenship and new governance that (a) provides a framework for positively explaining the political participation of companies in new governance processes and (b) does not weaken but instead strengthens the...
Persistent link: https://www.econbiz.de/10014200049
Persistent link: https://www.econbiz.de/10003892704
We analyze equilibria of two-player contests where players have intention-based preferences. We find that players invest more effort compared to the case with selfish preferences and are even willing to exert effort when the monetary value of the prize converges to zero. As a consequence,...
Persistent link: https://www.econbiz.de/10009702885
Markets are ubiquitous in our daily life and, despite many imperfections, they are a great source of human welfare. Nevertheless, there is a heated recent debate on whether markets erode social responsibility and moral behavior. In fact, competitive pressure on markets may create strong...
Persistent link: https://www.econbiz.de/10011515418