Overconfidence can improve an agent's relative and absolute performance in contests

In this paper, we show that moderate overconfidence in a contest can improve the agent's performance relative to an unbiased opponent and even lead to an advantage in absolute terms.

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Year of publication:	2011
Authors:	Ludwig, Sandra ; Wichardt, Philipp C. ; Wickhorst, Hanke
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 110.2011, 3, p. 193-196
Publisher:	Elsevier
Subject:	Overconfidence Contests

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008867034