The Cocksure Conundrum: How Evolution Created a Gendered Currency of Corporate Overconfidence

Abstract

AbstractBiological differences between men and women mandate that women’s obligatory investment in reproduction is significantly greater than that of men. As a result, women have evolved to be the “choosier” of the two sexes and men have evolved to compete for female choice. To the degree that overconfidence is an effective tool for attracting mates and driving away competitors, greater competition among men suggests that they should express more overconfidence than women. Thus, sexual selection may be the primary reason why overconfidence is typically more pronounced in men than it is in women. Sexual selection may also be a distal, causal factor in what we describe as a cult of overconfidence pervading modern organizations and institutions. Whereas overconfidence was once regulated and constrained by features of ancestral life, levels of social mobility and accountability in contemporary society and modern organizations make it increasingly difficult to keep this gendered bias in check.