Add to ORKGThis paper studies an economic contest with two participants, who have overconfidence in their own relative abilities. We examine two different sources of overconfidence, overestimation of one's own ability and underestimation of the rival's ability, and compare the behavioral consequences of each situation with the correctly estimated case. The main result is that the former always induces the participants' aggressive behavior, while the latter does not.Overconfidence, economic contest, relative ability, all-pay auction
This paper studies the causal effect of individuals' overconfidence and bounded rationality on asset...
Abstract. This paper suggests a potential rationale for the recent empirical find-ing that overconfi...
Experimental evidence suggests that people tend to be overconfident in the sense that they overestim...
This paper suggests a potential rationale for the recent empirical finding that overconfident agents...
Overconfidence is one of the most ubiquitous biases in the social sciences, but the evidence regardi...
Overconfidence is one of the most ubiquitous biases in the social sciences, but the evidence regardi...
Psychological studies show that most people are overconfident about their own relative abilities, ...
Overconfidence is one of the most ubiquitous biases in the social sciences, but the evidence regardi...
We conduct two experiements of the claim that people are overconfident. We develop new tests of over...
We analyze the impact of overconfidence on the timing of entry in markets, profits, and welfare usin...
In this paper we conduct two proper tests of overconfidence. We reject the hypothesis "the data cann...
We conduct a proper test of the claim that people are overconfident, in the sense that they believe ...
I investigate whether two mechanisms leading to biased beliefs about success, overconfidence and com...
We provide an overview of experimental literature on contests and point out the two main phenomena o...
This article illustrates how the joint elicitation of subjective probabilities and preferences may h...
This paper studies the causal effect of individuals' overconfidence and bounded rationality on asset...
Abstract. This paper suggests a potential rationale for the recent empirical find-ing that overconfi...
Experimental evidence suggests that people tend to be overconfident in the sense that they overestim...
This paper suggests a potential rationale for the recent empirical finding that overconfident agents...
Overconfidence is one of the most ubiquitous biases in the social sciences, but the evidence regardi...
Overconfidence is one of the most ubiquitous biases in the social sciences, but the evidence regardi...
Psychological studies show that most people are overconfident about their own relative abilities, ...
Overconfidence is one of the most ubiquitous biases in the social sciences, but the evidence regardi...
We conduct two experiements of the claim that people are overconfident. We develop new tests of over...
We analyze the impact of overconfidence on the timing of entry in markets, profits, and welfare usin...
In this paper we conduct two proper tests of overconfidence. We reject the hypothesis "the data cann...
We conduct a proper test of the claim that people are overconfident, in the sense that they believe ...
I investigate whether two mechanisms leading to biased beliefs about success, overconfidence and com...
We provide an overview of experimental literature on contests and point out the two main phenomena o...
This article illustrates how the joint elicitation of subjective probabilities and preferences may h...
This paper studies the causal effect of individuals' overconfidence and bounded rationality on asset...
Abstract. This paper suggests a potential rationale for the recent empirical find-ing that overconfi...
Experimental evidence suggests that people tend to be overconfident in the sense that they overestim...