Prof. Luis Santos Pinto: The Role of Overconfidence in Teamwork: Experimental Evidence

VIRTUAL BEHAVIOURAL AND EXPERIMENTAL ECONOMICS RESEARCH SEMINAR

Talk by Prof. Luis Santos Pinto, University of Lausanne

Teamwork is increasingly important in modern organizations and the labor market. Yet, little is know about how self-confidence affects teamwork. In this paper, we present evidence from a laboratory experiment using a team real effort task. In this task, effort and ability are complements and teammates' efforts are strategic complements. We exogenously manipulate subjects' self-confidence about their ability using easy and hard quizzes. We  find that overconfidence leads to more effort, less free riding, and higher team output. These findings suggest that organizations could set up more effcient teams by considering the team technology and employees' self-confidence.

The link for participation in the event is the following: https://fernuni.zoom.us/j/61604483707.