Rosa, Leonidas Enrique de la - School of Economics and Management, University of Aarhus - 2007
it more likely that high levels of e�ort are
implemented in equilibrium.
Keywords: overcon�dence, heterogeneous beliefs …
heterogeneous beliefs� agent overcon�dence in particular� will aid our understanding of incentives
in contracts.
Consider the … overcon�dent about their ability and future prospects2, this
paper introduces heterogeneous beliefs of which principal and …