How do judgmental overconfidence and overoptimism shape innovative activity?

被引:52
作者
Herz, Holger [1 ]
Schunk, Daniel [2 ]
Zehnder, Christian [3 ]
机构
[1] Univ Zurich, CH-8006 Zurich, Switzerland
[2] Johannes Gutenberg Univ Mainz, Dept Econ, D-55099 Mainz, Germany
[3] Univ Lausanne, Quartier UNIL Dorigny, Fac Business & Econ, CH-1015 Lausanne, Switzerland
关键词
Innovation; Entrepreneurship; Overconfidence; Experiment; PERFORMANCE; WORK; RISK;
D O I
10.1016/j.geb.2013.11.001
中图分类号
F [经济];
学科分类号
02 ;
摘要
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 on innovative activity. While overoptimism is positively associated with innovation, judgmental overconfidence is negatively linked to innovation. Our results indicate that future research is well advised to take into account that the relationship between innovation and overconfidence may crucially depend on what type of overconfidence is most prevalent in a particular context. (C) 2013 Elsevier Inc. All rights reserved.
引用
收藏
页码:1 / 23
页数:23
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