G2TT
来源类型Discussion paper
规范类型论文
来源IDDP2628
DP2628 What Matters Most: Teaching or Research? Empirical Evidence on the Remuneration of British Academics
Melanie Ward-Warmedinger; Rob Euwals
发表日期2000-11-28
出版年2000
语种英语
摘要This paper explains why people value self-confidence, and how this concern shapes their informational strategies and intertemporal decisions. The theory has applications in areas as diverse as labour supply, savings and investment, or education and career decisions. People generally have imperfect knowledge about their abilities, which in most tasks are complementary to effort. Self-confidence thus enhances motivation, and this gives a time--inconsistent individual a strong incentive to build up the self-esteem of his future selves, so as to limit their procrastination. The benefits of confidence-maintenance must, however, be traded off against the risks of overconfidence. Moreover, rational inference implies that the individual cannot systematically fool himself. The model explains why people often choose to remain ignorant about their true abilities, or 'blind' to important signals from their work, personal or market environment; and why they sometimes deliberately impair their own performance or choose overambitious tasks in which they are sure to fail (self-handicapping). It also provides a formal account of (endogenously) selective memory or awareness, such as the tendency to remember one's successes more than one's failures. This result, in turn, helps explain why most people have overoptimistic assessments of their own abilities and accomplishments (self-serving beliefs). Another important result is that this 'psychological immune system' can lead to multiple intrapersonal equilibria in cognitive strategies, self confidence, and behaviour. Moreover, while 'positive thinking' and similar forms of self--deception can improve ex-ante welfare, they can also be self-defeating.
主题Industrial Organization
关键词Self-confidence Self-esteem Motivation Time-inconsistency Self-control Self-deception Memory Psychology and economics
URLhttps://cepr.org/publications/dp2628
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/531693
推荐引用方式
GB/T 7714
Melanie Ward-Warmedinger,Rob Euwals. DP2628 What Matters Most: Teaching or Research? Empirical Evidence on the Remuneration of British Academics. 2000.
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