Overconfidence and Preferences for Competition
研究了竞争偏好何时是高收入者的积极经济特质，以及该特质能否解释MBA毕业生中的性别收入差距。发现竞争偏好仅对非过度自信者有利，且不能解释性别收入差距。
ABSTRACT We study when preferences for competition are a positive economic trait among high earners and the extent to which this trait can explain the gender gap in income among a master's degree in business administration (MBAs). Consistent with the experimental evidence, preferences for competition are a positive economic trait only for individuals who are not overconfident. Preferences for competition correlate with income only at graduation when bonuses are guaranteed and not a function of performance. Overconfident competition‐loving MBAs observe lower compensation and income growth, and experience greater exit from high‐reward industries and more frequent job interruptions. Preferences for competition do not explain the gender pay gap among MBAs.