estimates and are more likely to exercise stock options early. This evidence suggests men exhibit relative overconfidence in …

We test the theory put forth by Compte and Postlewaite (2004) that overconfidence might persist because it is welfare … improving. They argue that because confidence enhances performance, some overconfidence is optimal in spite of its negative … predictions. These findings support the view that overconfidence may persist because it is welfare improving. …

dependent on the sources of information used by investors and on investors’ overconfidence. We add to the existing literature by …

Optimistic overconfidence (OO), that is, being certain of success only to end up disappointed, represents a potentially … (U-shaped) relationship with overconfidence. Both high and low levels of satisfaction were associated with greater OO in … changes. The research also compared general knowledge overconfidence to OO, concluding that each represents a distinct bias …

rational information processing and overconfidence. Experiment participants evaluate their relative position within the …. We conclude that overconfidence is not only apparent overconfidence but rather the consequence of a psychological bias. …

underrepresentation of women, namely, gender differences in overconfidence concerning past performance, in the willingness to exaggerate … past performance to the group, and in the reaction to monetary incentives. We find that men's overconfidence is the driving …

In this paper, I study the effects of overconfidence on incentive contracts in a moral-hazard framework. Agent … overconfidence can have conflicting effects on the equilibrium contract. On the one hand, an optimistic or overconfident agent …, there are efficiency gains stemming from his overconfidence. If the agent is significantly overconfident, the former effect …