How confidence heterogeneity shapes effort and performance in tournaments and contests

B-Tier
Journal: Journal of Mathematical Economics
Year: 2025
Volume: 116
Issue: C

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

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

Abstract

This paper studies how heterogeneity in confidence biases affects players’ relative effort provision in tournaments and contests. We uncover a non-monotonic effect of confidence on equilibrium relative efforts and winning probabilities. A player with either a low or a high confidence exerts less effort than his rival at equilibrium. However, for intermediate confidence levels, the player exerts more effort than his rival.

Technical Details

RePEc Handle
repec:eee:mateco:v:116:y:2025:i:c:s0304406824001290
Journal Field
Theory
Author Count
2
Added to Database
2026-01-29