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Overfeed the Bold, Starve the Cowardly: A Legend or Reality?
Bi, Yanling1,2; Xiang, Zhoulei1,2; Li, Shu3; Zhang, Baoshan1,2
First AuthorBi, Yanling
Correspondent ; ; ;
Contribution Rank3

Although the negative effects of overconfidence are more likely to be mentioned in the literature, some researchers have argued that the benefits of overconfidence may outweigh its costs. We attempted to explore the positive effects of overconfidence in competitive situations. We had participants compete against fake opponents who were overconfident and then measured their competitive performance in two studies. In Study 1 we examined the effects of overconfidence on competitive performance in a competitive situation and the possible mechanism for this overconfidence. In Study 2 we investigated the characteristics of the performance in a competition after a mismatch between the level of confidence and the fake opponent's actual competence was revealed. Our results indicated that overconfident individuals tend to be perceived as more competent and more likely to benefit in the process of competition. Even after a mismatch between the level of confidence and the real competence was revealed, the overconfident individuals were not punished in that they made as much money as the less overconfident and still got higher competence ratings. Together those studies suggested that overconfidence has its advantages in competitive situations.

KeywordOverconfidence Competition Betting Game
Funding ProjectNational Natural Science Foundation of China[31400907] ; National Natural Science Foundation of China[7171101069] ; MOE (Ministry of Education in China) Project of Humanities and Social Sciences[14XJC190001] ; science of education of Shaanxi[SGH140551]
WOS KeywordEmotional Intelligence ; Constructive Competition ; Physical Attractiveness ; Cognitive Distortions ; Intrinsic Motivation ; Predicting Outcomes ; Positive Illusions ; Decision-making ; Self-confidence ; 1st Impressions
WOS Research AreaSubstance Abuse ; Psychology
WOS SubjectSubstance Abuse ; Psychology, Multidisciplinary
WOS IDWOS:000447811800005
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Document Type期刊论文
Corresponding AuthorZhang, Baoshan
Affiliation1.Shaanxi Normal Univ, Sch Psychol, Xian, Shaanxi, Peoples R China
2.Shaanxi Key Lab Behav & Cognit Neurosci, Xian, Shaanxi, Peoples R China
3.Chinese Acad Sci, Inst Psychol, Key Lab Behav Sci, Beijing, Peoples R China
Recommended Citation
GB/T 7714
Bi, Yanling,Xiang, Zhoulei,Li, Shu,et al. Overfeed the Bold, Starve the Cowardly: A Legend or Reality?[J]. JOURNAL OF GAMBLING STUDIES,2018,34(4):1139-1163.
APA Bi, Yanling,Xiang, Zhoulei,Li, Shu,&Zhang, Baoshan.(2018).Overfeed the Bold, Starve the Cowardly: A Legend or Reality?.JOURNAL OF GAMBLING STUDIES,34(4),1139-1163.
MLA Bi, Yanling,et al."Overfeed the Bold, Starve the Cowardly: A Legend or Reality?".JOURNAL OF GAMBLING STUDIES 34.4(2018):1139-1163.
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