managers to achieve better returns, but they could also result in excessive risk taking. While we find evidence that these …

equity investments to fund managers before the financial crisis were almost twice as susceptible to exiting the stock market …

Overconfidence is the most prevalent judgment bias. Several studies find that overconfidence can lead to suboptimal … decisions on the part of investors, managers, or politicians. This chapter explains which effects are usually summarized as … overconfidence, shows how to measure these effects, and discusses several factors affecting the degree of overconfidence of people …

increasing in the difference in trustworthiness of the two money managers. This finding is robust to different specifications of …