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

Sandra Ludwig, Philipp Wichardt and Hanke Wickhorst

Economics Letters, 2011, vol. 110, issue 3, 193-196

Abstract: 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.

Keywords: Overconfidence; Contests (search for similar items in EconPapers)
Date: 2011
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (16)

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Related works:
Working Paper: Overconfidence Can Improve an Agent's Relative and Absolute Performance in Contests (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:110:y:2011:i:3:p:193-196

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