Journal
JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION
Volume 155, Issue -, Pages 301-314Publisher
ELSEVIER SCIENCE BV
DOI: 10.1016/j.jebo.2018.09.004
Keywords
Perseverance; Peer effects; Experiment
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Successful performance - be it in school, at the job, or in sports activities - requires perseverance, i.e., persistent work on a demanding task. We investigate in a controlled laboratory experiment how an individual's social environment affects perseverance. We find evidence for two kinds of peer effects: being observed by a peer can postpone the decision to give up, while observing a peer can be informative and have more sustainable effects. In particular, we show that successful peers affect perseverance positively if they communicate their success in a motivating way and negatively otherwise. Our experimental results suggest that peers affect perseverance indirectly, via influencing self-confidence. (C) 2018 Elsevier B.V. All rights reserved.
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