Discovery Projects - Grant ID: DP160100942

Funding Activity

Website
http://dataportal.arc.gov.au/NCGP/Web/Grant/Grant/DP160100942

Funding Status
Closed

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Funded Activity Summary

Overconfidence as an interpersonal strategy in negotiation and competition. The objective of the project is to develop and test a model of overconfidence that is based on the potential for overconfidence to give people a competitive advantage. Overconfidence can benefit people by causing others to value their skills more highly than they should. Nonetheless, it can be costly to businesses and governments who put their trust in overconfident managers and leaders because such individuals are often unprepared or ill-suited for their role. The project model, grounded in recent theorising in psychology, evolutionary biology and economics, would allow us to predict who will display overconfidence in a variety of situations, and would also clarify why people are overconfident and what benefits and costs accrue from overconfidence. Given the ubiquity and societal costs of overconfidence, a predictive model such as this would be useful for scientists and policy-makers alike.

Funded Activity Details

Start Date: 14-05-2016

End Date: 30-11-2020

Funding Scheme: Discovery Projects

Funding Amount: $202,000.00

Funder: Australian Research Council

Research Topics

ANZSRC Field of Research (FoR)

Psychology | Social and Community Psychology

ANZSRC Socio-Economic Objective (SEO)

Expanding Knowledge in Psychology and Cognitive Sciences |

Other Keywords

Expanding Knowledge in Psychology and Cognitive Sciences | Psychology | Social and Community Psychology

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