nep-neu New Economics Papers
on Neuroeconomics
Issue of 2022‒05‒02
two papers chosen by

  1. Men are from Mars, and women too: a Bayesian meta-analysis of overconfidence experiments By Bandiera, Oriana; Parekh, Nidhi; Petrongolo, Barbara; Rao, Michelle
  2. Emotions and performance: A quasi natural experiment from the FIFA World Cup By Jorge Tovar

  1. By: Bandiera, Oriana; Parekh, Nidhi; Petrongolo, Barbara; Rao, Michelle
    Abstract: Gender differences in self-confidence could explain women's under representation in high-income occupations and glass-ceiling effects. We draw lessons from the economic literature via a survey of experts and a Bayesian hierarchical model that aggregates experimental findings over the last twenty years. The experts' survey indicates beliefs that men are overconfident and women under-confident. Yet, the literature reveals that both men and women are typically overconfident. Moreover, the model cannot reject the hypothesis that gender differences in self-confidence are equal to zero. In addition, the estimated pooling factor is low, implying that each study contains little information over a common phenomenon. The discordance can be reconciled if the experts overestimate the pooling factor or have priors that are biased and precise.
    Keywords: gender gaps; overconfidence; Bayesian hierarchical model
    JEL: C91 J16
    Date: 2021–12–17
  2. By: Jorge Tovar
    Abstract: Emotions are intrinsic components of human behavior that have the capacity to affect how individuals perform in their daily activities. Much of the literature has explored the topic using experimental data or, when using sporting events, focusing on pre-competition triggers. This paper uses granular, event-level data from the 2018 FIFA football World Cup to study for the first time how observed and naturally induced emotions impact performance as measured by each player's passing ability. The quasi-natural experimental setup is rich enough to study the influence of positive and negative emotions and their duration. The main result shows that negative emotions negatively impact individual performance between 3 and 9 minutes of the trigger effect.
    Keywords: sports economics, workers performance, emotions.
    JEL: D91 Z29 C21
    Date: 2022–04–21

General information on the NEP project can be found at For comments please write to the director of NEP, Marco Novarese at <>. Put “NEP” in the subject, otherwise your mail may be rejected.
NEP’s infrastructure is sponsored by the School of Economics and Finance of Massey University in New Zealand.