Learning and Self-Confidence in Contests
Copyright policy )Learning and Self-Confidence in Contests
The paper studies a repeated contest when contestants are uncertain about their true abilities. A favourable belief about one's own ability (confidence) stimulates effort and increases the likelihood of success. Success, in turn, reinforces favourable beliefs. We consider a specific example in which this reinforcement mechanism implies that players fail to learn their true abilities, and that one player will eventually win the contest forever. As a consequence, persistent inequality arises, and the worse player may eventually prevail. Furthermore, confidence is self-serving in that it increases a player's utility and the likelihood to be the long-run winner.
- Freie Universität Berlin Germany
match, self-assurance, Lernen, Freizeitforschung, Freizeitsoziologie, motivation, Wettkampf, Erfolg, incomplete learning, Psychology, self-image, C3, Social sciences, sociology, anthropology, success, General Psychology, social actor, dynamic programming, Allgemeine Psychologie, Motivation, Sozialwissenschaften, Soziologie, learning, ddc:330, empirisch, belief reinforcement, Selbsteinschätzung, Selbstbild, Contest, self-confidence, self-assessment, C61, Contest, self-confidence,belief reinforcement,incomplete learning,dynamic programming, D83, Psychologie, Selbstsicherheit, disposition, Leisure Research, Bereitschaft, empirical, Akteur, D44, jel: jel:C61, jel: jel:D83, jel: jel:D44, jel: jel:C3, ddc: ddc:150, ddc: ddc:300
match, self-assurance, Lernen, Freizeitforschung, Freizeitsoziologie, motivation, Wettkampf, Erfolg, incomplete learning, Psychology, self-image, C3, Social sciences, sociology, anthropology, success, General Psychology, social actor, dynamic programming, Allgemeine Psychologie, Motivation, Sozialwissenschaften, Soziologie, learning, ddc:330, empirisch, belief reinforcement, Selbsteinschätzung, Selbstbild, Contest, self-confidence, self-assessment, C61, Contest, self-confidence,belief reinforcement,incomplete learning,dynamic programming, D83, Psychologie, Selbstsicherheit, disposition, Leisure Research, Bereitschaft, empirical, Akteur, D44, jel: jel:C61, jel: jel:D83, jel: jel:D44, jel: jel:C3, ddc: ddc:150, ddc: ddc:300
selected citations These citations are derived from selected sources.This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).3 popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.Average influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).Average impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.Average
Citations provided by BIP!Popularity provided by BIP!