Narcissism, confidence, and risk attitude

By W. Keith Campbell, Adam Goodie, J. Foster. Journal of Behavioral Decision Making, 2004

801 citations recorded by the source corpus.

The present research addresses whether narcissists are more overconfident than others and whether this overconfidence leads to deficits in decision making. In Study 1, narcissism predicted overconfidence. This was attributable to narcissists’ greater confidence despite no greater accuracy. In Study 2, participants were offered fair bets on their answers. Narcissists lost significantly more points in this betting task than nonnarcissists, due both to their greater overconfidence and greater willingness to bet. Finally, in Study 3, narcissists’ predictions of future performance were based on performance expectations rather than actual performance. This research extends the literature on betting on knowledge to the important personality dimension of narcissism. Copyright # 2004 John Wiley & Sons, Ltd.

Subfields: Clinical Psychology, Safety Research, Sociology and Political Science

View Paper: https://www.semanticscholar.org/paper/0820512a38f46ecf3663faf909264b9ba5450e34

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Citations in the corpus

Entrepreneurial personality: The role of narcissism (2013, neutral): “Chen et al. (1998), report that self-efficacy may explain entrepreneurial avoidance in the fact that there may be individuals who avoid starting a business not because they lack necessary skills but because they think they do.”
Executive Overconfidence and the Slippery Slope to Financial Misreporting (2012, neutral): “Narcissism is, in fact, sometimes discussed as an extreme form of overconfidence (Post, 1993; Campbell, Goodie, and Foster, 2004), but a distinguishing feature of a narcissist is “self-love” and a need for attention.14 14 In the context of corporate management, narcissistic leadership occurs “……”
The trouble with overconfidence. (2008, positive): “…of personality (Schaefer, Williams, Goodie, & Campbell, 2004), gender (Niederle & Vesterlund, in press; Pulford & Colman, 1997; Soll & Klayman, 2004), narcissism (Ames & Kammrath, 2004; Campbell et al., 2004), and cognitive abilities (Kleitman & Stankov, in press; Stankov & Crawford, 1996).”