EconPapers    
Economics at your fingertips  
 

Overconfidence Increases Productivity

Yusuke Kinari, Noriko Mizutani, Fumio Ohtake and Hiroko Okudaira

ISER Discussion Paper from Institute of Social and Economic Research, Osaka University

Abstract: Recent studies report that productivity increases under tournament reward structures than under piece rate reward structures. We conduct maze-solving experiments under both reward structures and reveal that overconfidence is a significant factor in increasing productivity. Specifically, subjects exhibiting progressively higher degrees of overconfidence solve more mazes. This result shows a positive aspect of overconfidence, which usually has been examined in its negative aspect as an expectation bias.

Date: 2011-08-01
New Economics Papers: this item is included in nep-cbe, nep-eff, nep-evo, nep-exp, nep-hrm and nep-lma
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.iser.osaka-u.ac.jp/library/dp/2011/DP0814.pdf

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:dpr:wpaper:0814

Access Statistics for this paper

More papers in ISER Discussion Paper from Institute of Social and Economic Research, Osaka University Contact information at EDIRC.
Bibliographic data for series maintained by Librarian ().

 
Page updated 2024-06-28
Handle: RePEc:dpr:wpaper:0814