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- W3141692072 abstract "Confidence is often seen as the key to success. Empirical evidence about whether such beliefscausally map into actions is, however, sparse. In this paper, we experimentally investigatethe causal effect of an increase in confidence about one’s own ability on two central choicesmade by workers in the labor market: choosing between jobs with different incentive schemes,and the subsequent choice of how much effort to exert within the job. An increase in confidenceleads to an increase in self-selection into uncertain ability-contingent payment schemes.This is detrimental for low ability workers. Policy implications are discussed." @default.
- W3141692072 created "2021-04-13" @default.
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- W3141692072 date "2018-02-12" @default.
- W3141692072 modified "2023-09-26" @default.
- W3141692072 title "Beliefs and actions: How a shift in confidence affects choices" @default.
- W3141692072 hasPublicationYear "2018" @default.
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