Publication: How do judgmental overconfidence and overoptimism shape innovative activity?
How do judgmental overconfidence and overoptimism shape innovative activity?
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Herz, H. A., Schunk, D., & Zehnder, C. (2013). How do judgmental overconfidence and overoptimism shape innovative activity? (No. 106; Working Paper Series / Department of Economics).
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Recent field evidence suggests a positive link between overconfidence and innovative activities. In this paper we argue that the connection between overconfidence and innovation is more complex than the previous literature suggests. In particular, we show theoretically and experimentally that different forms of overconfidence may have opposing effects on innovative activity. While overoptimism is positively associated with innovation, judgmental overconfidence is negatively linked to innovation. Our results indicate that future resear
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Herz, H. A., Schunk, D., & Zehnder, C. (2013). How do judgmental overconfidence and overoptimism shape innovative activity? (No. 106; Working Paper Series / Department of Economics).
