Results 71 to 80 of about 13,967 (199)
Overconfidence in Currency Markets [PDF]
This paper tests the influential hypothesis, typically attributed to Friedman (1953), that irrational traders will be driven out of financial markets by trading losses. The paper’s main finding is that overconfident currency dealers are not driven out of
Carol Osler, Thomas Oberlechner
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Regulating Complacency: Human Limitations and Legal Efficacy [PDF]
, 2007 This Article examines how insights into limited human rationality can improve financial regulation. The Article identifies four categories of limitations—herd behavior, cognitive biases, overreliance on heuristics, and a proclivity to panic—that ...
Enoksson, Fredrik +3 more
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Are Overconfident CEOs Better Innovators? [PDF]
Using options- and press-based proxies for CEO overconfidence (Malmendier and Tate 2005a, 2005b, 2008), we find that over the 1993-2003 period, firms with overconfident CEOs have greater return volatility, invest more in innovation, obtain more patents ...
Hirshleifer, David +2 more
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Overoptimism among entrepreneurs in new ventures: the role of information and motivation [PDF]
There are various reasons why some entrepreneurs may be more overoptimistic at the start of their ventures than others. We distinguish between four broad categories of determining factors and three areas of overoptimism (income, psychological burden and ...
Ingrid Verheul, Martin Carree
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What is the Price of Hubris? Using Takeover Battles to Infer Overpayments and Synergies [PDF]
We present a framework for determining the information that can be extracted from stock prices around takeover contests. In only two types of cases is it theoretically possible to use stock price movements to infer bidder overpayment and relative ...
David T. Robinson +2 more
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Mental Frames and Organizational Decision-making: Facing the Challenges of Change [PDF]
Adjusting to the strategic, business and economic changes requires efficient decision-making procedures which can in turn be highly affected by the underlying mental frames that the leaders of the organization hold.
Fulton, Murray E., Lamprinakis, Lampros
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Tikrit Journal of Administrative and Economic SciencesThe aim of this research is to show the impact of audit committees through their characteristics represented by (independence, financial and accounting experience, size, number of meetings) as an independent variable on Managerial overconfidence with ...
Hassan Marie Hassan +1 more
doaj +1 more source
Managerial Overconfidence and Corporate Finance Policies [PDF]
, 2017 Traditional corporate finance models generally assume that agents are fully rational, but this assumption is not consistent with evidence from the psychology literature. For example, a particular type of bias, overconfidence, has been shown to have a substantial impact on various corporate decisions.
openaire +2 more sources
Overconfidence and excess entry: a comparison between students and managers [PDF]
Overconfidence can lead to excessive business entry. Here we replicate the pioneer experiment finding this nexus (Camerer and Lovallo 1999) and extend it in two major directions: (1) to consider managers as well as student subjects and (2) to explicitly ...
A. Felipe Rodrigues +2 more
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Excess entry, ambiguity seeking and competence: An experimental investigation [PDF]
Excess entry refers to the high failure rate of new entrepreneurial ventures. Economic explanations suggest 'hit and run' entrants and risk-seeking behavior. A psychological explanation is that people (entrepreneurs) are overconfident in their abilities (
Daniela Grieco, Robin Hogarth
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