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Managerial overconfidence and self-reported success
Niebuhr, Nikolaj Kirkeby - 2020
Persistent link: https://www.econbiz.de/10012320397
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Anxiety, overconfidence, and excessive risk taking
Eisenbach, Thomas M.; Schmalz, Martin C. - 2015
We provide a preference-based rationale for endogenous overconfidence. Horizon-dependent risk aversion, combined with a possibility to forget, can generate overconfidence and excessive risk taking in equilibrium. An "anxiety prone" agent, who is more risk-averse to imminent than to distant...
Persistent link: https://www.econbiz.de/10010482950
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Persistent overconfidence and biased memory : evidence from managers
Huffman, David; Raymond, Collin; Shvets, Julia - 2023
studies managers who participate repeatedly in a high-powered tournament incentive system, learning relative performance each … time. Using reduced form and structural methods we find that: (i) managers make overconfident predictions about future … performance; (ii) managers have overly-positive memories of past performance; (iii) the two phenomena are linked at an individual …
Persistent link: https://www.econbiz.de/10014311540
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Overconfidence and managers' responsibility hoarding
Nieken, Petra; Sadrieh, Abdolkarim; Zhou, Nannan - 2011
introduce a model, in which managers and agents exert effort in a joint production, after the manager decides on the allocation …
Persistent link: https://www.econbiz.de/10009571367
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Do firms gain from managerial overconfidence? : the role of severance pay
Graziano, Clara; Luporini, Annalisa - 2022
We analyze the effects of optimism and overconfidence when the manager's compensation package includes severance pay and the CEO has bargaining power. We find that optimism does not affect incentive pay but increases severance pay with a negative effect on profit. Overconfidence, on the...
Persistent link: https://www.econbiz.de/10013255972
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How term limits constrain the emergence of agency and resilience
David, Lucinda - 2019
Persistent link: https://www.econbiz.de/10012182303
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Self-confidence and reactions to subjective performance evaluations
Bellemare, Charles; Sebald, Alexander - 2018
paper we show that a workers' level of self-confidence plays a central role in shaping reactions to subjective evaluations …
Persistent link: https://www.econbiz.de/10011927889
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Gift exchange in the lab - it is not (only) how much you give ...
Englmaier, Florian; Leider, Steve - 2010
An important aspect in determining the effectiveness of gift exchange relations in labor markets is the ability of the worker to "repay the gift" to the employer. To test this hypothesis, we conduct a real effort laboratory experiment where we vary the wage and the effect of the worker's effort...
Persistent link: https://www.econbiz.de/10003937791
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Do self-committers mind commitment by others? : an experiment on weak paternalism
Uhl, Matthias - 2010
Weak paternalism commits protégés to their own plans. This experiment addresses the question of whether protégés judge weakly paternalistic acts primarily by means of their consequences or on principle grounds. Subjects receive a reward for showing up to the laboratory early the next morning...
Persistent link: https://www.econbiz.de/10008669965
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Subjective performance evaluations, self esteem, and ego-threats in pricipal-agent relations
Sebald, Alexander; Walzl, Markus - 2010
Persistent link: https://www.econbiz.de/10008652601