Ability, Self-Confidence, and Search
AbstractWe explore optimal search for individual improvement when agents start with different confidence in their own ability. The initial self-confidence may be determined by nature or socioeconomic factors. Presuming Bayesian learning, we show that final achievements depend positively on initial confidence. When parents' achievements affect children's self-confidence, a meritocracy, not necessarily founded on ability, may emerge. Social differences may thus stem from - and maintain - unjustifiable opinions about ability differentials.
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Bibliographic InfoArticle provided by Mohr Siebeck, Tübingen in its journal Journal of Institutional and Theoretical Economics.
Volume (Year): 159 (2003)
Issue (Month): 3 (September)
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Web page: http://www.mohr.de/jite
Postal: Mohr Siebeck GmbH & Co. KG, P.O.Box 2040, 72010 Tübingen, Germany
Other versions of this item:
- Flam, S.D. & Risa, A.E., 2001. "Ability, Self-confidence and Search," Norway; Department of Economics, University of Bergen 1601, Department of Economics, University of Bergen.
- C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
- D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search, Learning, and Information
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- Falk, Armin & Huffman, David B. & Sunde, Uwe, 2006. "Do I Have What It Takes? Equilibrium Search with Type Uncertainty and Non-Participation," IZA Discussion Papers 2531, Institute for the Study of Labor (IZA).
- Konrad, Kai A. & Spadaro, Amedeo, 2006.
"Education, redistributive taxation and confidence,"
Journal of Public Economics,
Elsevier, vol. 90(1-2), pages 171-188, January.
- Kai A. Konrad & Amadéo Spadaro, 2005. "Education, redistributive taxation and confidence," PSE Working Papers halshs-00590862, HAL.
- Konrad, Kai Andreas & Spadaro, Amedeo, 2005. "Education, redistributive taxation and confidence," Discussion Papers, Research Unit: Market Processes and Governance SP II 2005-05, Social Science Research Center Berlin (WZB).
- Konrad, Kai A. & Spadaro, Amedeo, 2005. "Education, Redistributive Taxation and Confidence," IZA Discussion Papers 1478, Institute for the Study of Labor (IZA).
- Kai A. Konrad & Amadéo Spadaro, 2005. "Education, redistributive taxation and confidence," Working Papers halshs-00590862, HAL.
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