Confidence and career choices: An experiment

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Standard

Confidence and career choices : An experiment. / Barron, Kai; Gravert, Christina.

I: The Scandinavian Journal of Economics, Bind 124, Nr. 1, 2022, s. 35-68.

Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt

Harvard

Barron, K & Gravert, C 2022, 'Confidence and career choices: An experiment', The Scandinavian Journal of Economics, bind 124, nr. 1, s. 35-68. https://doi.org/10.1111/sjoe.12444

APA

Barron, K., & Gravert, C. (2022). Confidence and career choices: An experiment. The Scandinavian Journal of Economics, 124(1), 35-68. https://doi.org/10.1111/sjoe.12444

Vancouver

Barron K, Gravert C. Confidence and career choices: An experiment. The Scandinavian Journal of Economics. 2022;124(1):35-68. https://doi.org/10.1111/sjoe.12444

Author

Barron, Kai ; Gravert, Christina. / Confidence and career choices : An experiment. I: The Scandinavian Journal of Economics. 2022 ; Bind 124, Nr. 1. s. 35-68.

Bibtex

@article{5fa3dc848c824f6096562f0395f79a1b,
title = "Confidence and career choices: An experiment",
abstract = "Confidence is often seen as an important determinant of success. However, empirical evidence regarding the causal effect of confidence on choices is sparse. Using a stylized laboratory experiment, we examine the effect of an increase in confidence on two important labor market choices: (i) the amount of ability-contingent earnings risk to take on, and (ii) the subsequent effort choice. We find that increased confidence leads subjects to take on more ability-contingent earnings risk. However, effort levels are unaffected. Overall, the upward shift in confidence is detrimental for low-ability workers as a result of high baseline levels of confidence.",
keywords = "Faculty of Social Sciences, beliefs, career choices, experiment, overconfidence, real effort",
author = "Kai Barron and Christina Gravert",
year = "2022",
doi = "10.1111/sjoe.12444",
language = "English",
volume = "124",
pages = "35--68",
journal = "Scandinavian Journal of Economics",
issn = "0347-0520",
publisher = "Wiley-Blackwell",
number = "1",

}

RIS

TY - JOUR

T1 - Confidence and career choices

T2 - An experiment

AU - Barron, Kai

AU - Gravert, Christina

PY - 2022

Y1 - 2022

N2 - Confidence is often seen as an important determinant of success. However, empirical evidence regarding the causal effect of confidence on choices is sparse. Using a stylized laboratory experiment, we examine the effect of an increase in confidence on two important labor market choices: (i) the amount of ability-contingent earnings risk to take on, and (ii) the subsequent effort choice. We find that increased confidence leads subjects to take on more ability-contingent earnings risk. However, effort levels are unaffected. Overall, the upward shift in confidence is detrimental for low-ability workers as a result of high baseline levels of confidence.

AB - Confidence is often seen as an important determinant of success. However, empirical evidence regarding the causal effect of confidence on choices is sparse. Using a stylized laboratory experiment, we examine the effect of an increase in confidence on two important labor market choices: (i) the amount of ability-contingent earnings risk to take on, and (ii) the subsequent effort choice. We find that increased confidence leads subjects to take on more ability-contingent earnings risk. However, effort levels are unaffected. Overall, the upward shift in confidence is detrimental for low-ability workers as a result of high baseline levels of confidence.

KW - Faculty of Social Sciences

KW - beliefs

KW - career choices

KW - experiment

KW - overconfidence

KW - real effort

U2 - 10.1111/sjoe.12444

DO - 10.1111/sjoe.12444

M3 - Journal article

VL - 124

SP - 35

EP - 68

JO - Scandinavian Journal of Economics

JF - Scandinavian Journal of Economics

SN - 0347-0520

IS - 1

ER -

ID: 291301729