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Gender differences in overconfidence and decision making in high-stakes competitions: evidence from freediving contests

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  • Sonnabend, Hendrik
  • Lackner, Mario

Abstract

This study examines gender differences in overconfidence and decision-making in a high-stakes environment. Using data on more than 40,000 individual attempts from international freediving competitions, we provide evidence that women, on average, are less likely than men to overestimate their ability. This result is robust to different measures of overconfidence and can be partly explained by experience. There are no substantial gender differences on the intensive margin of overconfidence. In terms of performance, results suggest that women suffer more from overconfidence than men.

Suggested Citation

  • Sonnabend, Hendrik & Lackner, Mario, 2020. "Gender differences in overconfidence and decision making in high-stakes competitions: evidence from freediving contests," VfS Annual Conference 2020 (Virtual Conference): Gender Economics 224595, Verein für Socialpolitik / German Economic Association.
  • Handle: RePEc:zbw:vfsc20:224595
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    More about this item

    Keywords

    overconfidence; gender; decision-making; competition; freediving;
    All these keywords.

    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination
    • Z2 - Other Special Topics - - Sports Economics

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