Do Overconfident Workers Cooperate Less? The Relationship between Overconfidence and Cooperation in Team Production
نویسندگان
چکیده
The tendency to underestimate others’ relative performance compared to one’s own is widespread among individuals in all work environments. We examine the relationship between, and the driving forces behind, individual overconfidence and voluntary cooperation in team production. Our experimental data suggest an indirect and gender-specific link: Overconfident men hold more optimistic beliefs about coworkers’ cooperativeness than men who lack confidence, and are accordingly significantly more cooperative, whereas overconfidence, beliefs, and cooperativeness are not correlated in women.
منابع مشابه
The Rodney L. White Center for Financial Research Overconfidence and Team Coordination
We model a team in which the marginal productivity of a player increases with the effort of other players on the team. Because the effort of each player is not observable to any other player, the performance of the team is negatively affected by a free-rider problem and by a lack of effort coordination across players. In this context, an overconfident player who overestimates her own marginal p...
متن کاملOvercoming Overconfidence: Teamwork and Self-Control
This paper analyzes interactions between agents who are overconfident regarding their own future self-control relative to others. The paper considers the problem of incentivizing several such agents, and compares two methods: assigning work individually to each agent or jointly to pairs of agents. If the agents are homogenous in their preferences and beliefs, then the joint assignment method do...
متن کاملCEO Overconfidence Effects on Mergers and Acquisitions
The purpose of the study is to extend further from the result studying overconfidence effects of CEOs on single deal of Malmendier and Tate (2008)’s article to study overconfidence effects of CEOs on multiple mergers and acquisitions. Based on the psychological and financial theories, the likelihood of overconfident CEOs acquiring a company is the net effect of two manifestations of overconfide...
متن کاملJudgments about cooperators and freeriders on a Shuar work team: An evolutionary psychological perspective
Evolutionary biological theories of group cooperation predict that (1) group members will tend to judge cooperative co-members favorably, and freeriding co-members negatively and (2) members who themselves cooperate more frequently will be especially likely to make these social judgments. An experiment tested these predictions among Shuar hunter-horticulturalists. Subjects viewed depictions of ...
متن کاملCarmen Thoma: Is Underconfidence Favored over Overconfidence? An Experiment on the Perception of a Biased Self-Assessment
This paper reports findings of a laboratory experiment, which explores how selfassessment regarding the own relative performance is perceived by others. In particular, I investigate whether overconfident subjects or underconfident subjects are considered as more likable by others, and who of the two is expected to achieve a higher performance in a real effort task. I observe that underconfidenc...
متن کامل