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We present a theory of entrepreneurial behavior that explores the relationship between overconfidence and successful firm outcomes, such as acquisition or IPO. In our model, increasing overconfidence produces two conflicting effects on the probability of a successful outcome: it not only induces...
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, fading-affect bias and prospect theory affect how to serve in the military. The behaviors of those expecting military service … during the military service. This difference corresponds to the predictions of the cognitive-bias literature. The authors …
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