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讲座时间：2014年6月27日 周五 下午3：30
讲座地点：地质楼718教室
讲座题目：The Effects of Optimism Bias in Teams
报告人：Prof. Jun Yang（Business School，Acadia University，Canada ）
主持人：杨晓光教授
报告摘要:This paper imports a behavioral perspective into a team context to study the effort coordination problem among agents. Specifically, we investigate how the presence of optimism bias impacts the severity of the free-rider problem and the compensation contracts offered to agents in equilibrium. Most notably, the results indicate that all agents become more reluctant to exert effort and the team welfare decreases when some of its agents are optimistic, suggesting that optimism aggravates the free-rider problem in teams. This finding is in sharp contrast to the effect of overconfidence as identified in the literature. It is advisable to pay the optimistic agents less than the rational agents. Encouragingly, optimistic agents can learn about their own bias in the long run, leaving their team without too much detriment of optimism.
