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Self-Confidence and Teamwork : An Experimental Test

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  • Jean-Louis Rullière

    ()
    (GATE Lyon Saint-Etienne - Groupe d'analyse et de théorie économique - CNRS : UMR5824 - Université Lumière - Lyon II - École Normale Supérieure de Lyon)

  • Luis Santos Pinto

    (HEC - Faculté des Hautes Etudes Commerciales - Université de Lausanne)

  • Isabelle Vialle

    (GATE Lyon Saint-Etienne - Groupe d'analyse et de théorie économique - CNRS : UMR5824 - Université Lumière - Lyon II - École Normale Supérieure de Lyon)

Abstract

We use a laboratory experiment to study how perceptions of skill influence teamwork. Our design is based on Gervais and Goldstein (2007) theory of teams. Team output is increasing in skill and in effort, skill and effort are complements, and workers' effort choices are complements. An overconfident agent thinks that his skill is higher than it actually is. We find that the presence of overconfi-dent workers in teams is beneficial for firms since it raises effort provision and team output. We also find that overconfidence leads to a Pareto improvement in workers' payoffs. In contrast, underconfidence is detrimental to firms as well as workers.

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Bibliographic Info

Paper provided by HAL in its series Post-Print with number halshs-00632091.

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Date of creation: 2011
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Handle: RePEc:hal:journl:halshs-00632091

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Keywords: Teamwork; Self-Confi dence; Laboratory Experiment;

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Cited by:
  1. Gary Charness & Aldo Rustichini & Jeroen van de Ven, 2011. "Self-Confidence and Strategic Deterrence," Tinbergen Institute Discussion Papers 11-151/1, Tinbergen Institute.
  2. Gary Charness & Aldo Rustichini & Jeroen van de Ven, 2013. "Self-Confidence and Strategic Behavior," CESifo Working Paper Series 4517, CESifo Group Munich.
  3. repec:dgr:uvatin:2011151 is not listed on IDEAS

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