How egocentrism and optimism change in response to feedback in repeated competitions

Jason P. Rose and Paul D. Windschitl

Organizational Behavior and Human Decision Processes, 2008, vol. 105, issue 2, 201-220

Abstract: People tend to egocentrically focus on how adverse or beneficial conditions in competitions affect the self, while inadequately considering the comparable impact on opponents. This leads to overoptimism for a victory in easy tasks and underoptimism in hard tasks. Four experiments investigated whether experience and performance feedback in a multi-round competition would influence egocentric weighting and optimism biases across rounds. The results indicated that egocentric weighting and optimism biases decreased across rounds. However, this apparent debiasing occurred under restrictive conditions, and participants did not generalize their learned, non-egocentric tendencies to novel contexts. The roles of differential confidence and surface/structural similarity are discussed as reasons why optimism biases were generally pervasive.

Date: 2008
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