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Article: Looking at the bright side: The motivational value of confidence
| Title | Looking at the bright side: The motivational value of confidence |
|---|---|
| Authors | |
| Issue Date | 1-Nov-2019 |
| Publisher | Elsevier |
| Citation | European Economic Review, 2019, v. 120 How to Cite? |
| Abstract | The motivational value of confidence postulates that individual effort provision is increasing in beliefs on one’s own ability. This relation is supposed to also hold for overconfident individuals who have exaggerated ability beliefs. We present the first empirical evidence on the existence of a motivational value of absolute confidence that many microeconomic models with overconfident agents build on. Moreover, we document that negative debiasing information on individual ability diminishes effort provision – a result that is of obvious relevance for many contexts such as labor relations or learning at school. We also offer a strategy for identifying significant absolute overconfidence at the individual level. |
| Persistent Identifier | http://hdl.handle.net/10722/366641 |
| ISSN | 2023 Impact Factor: 2.8 2023 SCImago Journal Rankings: 2.251 |
| DC Field | Value | Language |
|---|---|---|
| dc.contributor.author | Chen, Si | - |
| dc.contributor.author | Schildberg-Hörisch, Hannah | - |
| dc.date.accessioned | 2025-11-25T04:20:49Z | - |
| dc.date.available | 2025-11-25T04:20:49Z | - |
| dc.date.issued | 2019-11-01 | - |
| dc.identifier.citation | European Economic Review, 2019, v. 120 | - |
| dc.identifier.issn | 0014-2921 | - |
| dc.identifier.uri | http://hdl.handle.net/10722/366641 | - |
| dc.description.abstract | <p>The motivational value of confidence postulates that individual effort provision is increasing in beliefs on one’s own ability. This relation is supposed to also hold for overconfident individuals who have exaggerated ability beliefs. We present the first empirical evidence on the existence of a motivational value of absolute confidence that many <a href="https://www.sciencedirect.com/topics/economics-econometrics-and-finance/microeconomics" title="Learn more about microeconomic from ScienceDirect's AI-generated Topic Pages">microeconomic</a> models with overconfident agents build on. Moreover, we document that negative debiasing information on individual ability diminishes effort provision – a result that is of obvious relevance for many contexts such as <a href="https://www.sciencedirect.com/topics/economics-econometrics-and-finance/employment-relations" title="Learn more about labor relations from ScienceDirect's AI-generated Topic Pages">labor relations</a> or learning at school. We also offer a strategy for identifying significant absolute <a href="https://www.sciencedirect.com/topics/psychology/overconfidence" title="Learn more about overconfidence from ScienceDirect's AI-generated Topic Pages">overconfidence</a> at the individual level.<br></p> | - |
| dc.language | eng | - |
| dc.publisher | Elsevier | - |
| dc.relation.ispartof | European Economic Review | - |
| dc.rights | This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License. | - |
| dc.title | Looking at the bright side: The motivational value of confidence | - |
| dc.type | Article | - |
| dc.identifier.doi | 10.1016/j.euroecorev.2019.103302 | - |
| dc.identifier.volume | 120 | - |
| dc.identifier.eissn | 1873-572X | - |
| dc.identifier.issnl | 0014-2921 | - |