Seminar Series

2022 - 2023

Speaker: Luis Santos-Pinto (U of Lausanne).

Title: “Risk Taking and Effort Provision in Tournaments with Overconfident Players”

joint with Noëmi Jacober (U of Lausanne).

Date: Monday, October 3rd at 11h00 (Paris Time).

Abstract: This paper investigates the role of overconfidence in tournaments where players choose effort as well as risk exposure. Our main results are as follows. First, overconfident players can adopt less risky strategies than rational ones. Second, overconfident players can exert more effort than rational ones. Third, overconfidence can make the tournament organizer better off. Fourth, in a tournament where an overconfident player competes against a rational player, the overconfident player can choose a less risky strategy than the rational player but the reverse cannot happen. Fifth, the presence of an overconfident player can lead a rational player to take less risk. Sixth, the rational player is more likely to win the tournament than the overconfident

player. Our findings provide a new mechanism whereby overconfidence can raise effort provision of workers and go against the idea that overconfident individuals choose riskier strategies than rational ones..

Bio: Here is a link to the speaker’s website

http://www.hec.unil.ch/lspinto/

You are cordially invited to participate to the seminar, which will take place in Room 204, Bosco building. For those who will not be in the room, please find the zoom link below:

https://tbs-education-fr.zoom.us/j/93837075927?pwd=WkFZbThTT2dJWk16WHJCS2ErZFREUT09

For more information, please contact: Pierre Mella-Barral p.mella-barral@tbs-education.fr