Confidence and career choices: An experiment

التفاصيل البيبلوغرافية
العنوان: Confidence and career choices: An experiment
المؤلفون: Barron, Kai, Gravert, Christina
المساهمون: Wissenschaftszentrum Berlin für Sozialforschung gGmbH
المصدر: SP II 2018-301r2, Discussion Papers / Wissenschaftszentrum Berlin für Sozialforschung, Forschungsschwerpunkt Markt und Entscheidung, Abteilung Ökonomik des Wandels, 51
بيانات النشر: DEU, Berlin, 2020.
سنة النشر: 2020
مصطلحات موضوعية: Psychologie, Psychology, beliefs, career choices, experiment, overconfidence, real-effort, angewandte Psychologie, Applied Psychology
الوصف: Confidence in one's own abilities is often seen as an important determinant of being successful. Empirical evidence about how such beliefs about one's own abilities causally influence choices is, however, sparse. In this paper, we use a stylized laboratory experiment to investigate the causal effect of an increase in confidence on two important choices made by workers in the labor market: (i) choosing between jobs with a payment scheme that depends heavily on ability [high earnings risk] and those that pay a fixed wage [low earnings risk], and (ii) the subsequent choice of how much effort to exert within the job. We find that an exogenous increase in confidence leads to an increase in subjects' propensity to choose payment schemes that depend heavily on ability. This is detrimental for low ability workers due to high baseline levels of confidence.
نوع الوثيقة: Arbeitspapier
working paper
الوصول الحر: https://www.ssoar.info/ssoar/handle/document/68221Test
حقوق: Deposit Licence - Keine Weiterverbreitung, keine Bearbeitung
Deposit Licence - No Redistribution, No Modifications
رقم الانضمام: edsgso.68221
قاعدة البيانات: SSOAR – Social Science Open Access Repository