The curse of knowledge increases self-selection into competition: Experimental evidence
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Abstract
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Other versions of this item:
- Danz, David, 2014. "The curse of knowledge increases self-selection into competition: Experimental evidence," Discussion Papers, Research Unit: Market Behavior SP II 2014-207, WZB Berlin Social Science Center.
Citations
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Cited by:
- Chen, Si & Schildberg-Hörisch, Hannah, 2018.
"Looking at the bright side: The motivation value of overconfidence,"
DICE Discussion Papers
291, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
- Chen, Si & Schildberg-Hörisch, Hannah, 2018. "Looking at the Bright Side: The Motivation Value of Overconfidence," IZA Discussion Papers 11564, Institute of Labor Economics (IZA).
- Pierrot, Thibaud, 2019. "Negotiation under the curse of knowledge," Discussion Papers, Research Unit: Market Behavior SP II 2019-211r, WZB Berlin Social Science Center, revised 2019.
- Madarász, Kristóf & Danz, David & Wang, Stephanie, 2018. "The Biases of Others: Projection Equilibrium in an Agency Setting," CEPR Discussion Papers 12867, C.E.P.R. Discussion Papers.
- Danz, David, 2020. "Never underestimate your opponent: Hindsight bias causes overplacement and overentry into competition," Games and Economic Behavior, Elsevier, vol. 124(C), pages 588-603.
- Chen, Si & Schildberg-Hörisch, Hannah, 2019. "Looking at the bright side: The motivational value of confidence," European Economic Review, Elsevier, vol. 120(C).
More about this item
Keywords
curse of knowledge; hindsight bias; information projection; overconfidence; sorting; incentive schemes; competition; beliefs; experiments;All these keywords.
JEL classification:
- C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
- D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
- D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
- D84 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Expectations; Speculations
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CBE-2015-02-22 (Cognitive and Behavioural Economics)
- NEP-ENT-2015-02-22 (Entrepreneurship)
- NEP-EXP-2015-02-22 (Experimental Economics)
- NEP-KNM-2015-02-22 (Knowledge Management and Knowledge Economy)
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