Never underestimate your opponent: hindsight bias causes overplacement and overentry into competition

DOI10.1016/J.GEB.2020.10.001zbMath1452.91159OpenAlexW3094390755MaRDI QIDQ2212785

David Danz

Publication date: 24 November 2020

Published in: Games and Economic Behavior (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.geb.2020.10.001

zbMATH Keywords

beliefstournamententrepreneurshipoverconfidenceinformation projectionhindsight biascurse of knowledge

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26) Experimental work for problems pertaining to game theory, economics, and finance (91-05)

Uses Software

• Z-Tree

Cites Work

• Boys will be Boys: Gender, Overconfidence, and Common Stock Investment
• First Impressions Matter: A Model of Confirmatory Bias
• Information Projection: Model and Applications
• Self-Confidence and Personal Motivation

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