Compete with Others? No, thanks. With Myself? Yes, Please!
19 Pages Posted: 6 Dec 2019
Date Written: December 3, 2019
We study the willingness to compete against self and others in an experiment with over 650 participants, using a modified version of the Niederle and Vesterlund (2007) design. We show that introducing a possibility to self-compete, in addition to the standard other-competition option, increases the proportion of participants who compete by more than 60 percent, indicating that self-competition attracts many of those who would otherwise have stayed out of competitions altogether. This holds for both men and women. Moreover, men and women prefer self-competitions to other-competitions, especially when they have to select one of the two types of competitions. We also document that self-competitions are perceived as more controllable than other-competitions.
Keywords: competitiveness, experiment
JEL Classification: C91, D81, J16
Suggested Citation: Suggested Citation