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

C-Tier
Journal: Economics Letters
Year: 2011
Volume: 110
Issue: 3
Pages: 193-196

Score contribution per author:

0.335 = (α=2.01 / 3 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

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.

Technical Details

RePEc Handle
repec:eee:ecolet:v:110:y:2011:i:3:p:193-196
Journal Field
General
Author Count
3
Added to Database
2026-01-25