Shapira-Ettinger, Keren; Shapira, Ron - In: Review of Law & Economics 4 (2008) 3, pp. 4-4
The main argument of this paper is that overconfidence is underrated and can have constructive value in situations in which people tend to display a hyperbolic discounting of future utility. By artificially raising the estimation of future rewards, overconfidence can offset the inhibitory...