Results 21 to 30 of about 123 (96)

Managerial Overoptimism and Discretionary Disclosure

Journal of Business Finance &Accounting, Volume 53, Issue 4, Page 1337-1356, August 2026.
ABSTRACT We examine the effect of managerial overoptimism on discretionary disclosure of subjective information, such as earnings forecasts. The market applies a discount upon disclosure to capture the possibility that the revealed subjective expectation is too optimistic.
Nikolaj Niebuhr Lambertsen, Matthias Lassak   +1 more
wiley   +1 more source

The Relationship between Financial Literacy Misestimation and Misplacement from the Perspective of Inverse Differential Information and Stock Market Participation

International Journal of Financial Studies
This study proposes the inverse differential information theory, which predicts a positive relationship between misestimation and misplacement, two types of overconfidence. The inverse differential information theory contrasts with the existing theory of
Yun-Ho Lee, Weihua Ma
doaj   +1 more source

The Class Gap in Career Progression: Evidence From U.S. Academia

Econometrica, Volume 94, Issue 4, Page 1345-1373, July 2026.
Unlike gender or race, class background is rarely a focus of research on career progression, or of DEI efforts in elite occupations. Should it be? In this paper, we document a large class gap in career progression in one occupation—U.S. tenure‐track academia—using parental education to proxy for class background.
Anna Stansbury, Kyra Rodriguez
wiley   +1 more source

Nobody Knows Better: Examining the Link Between Overconfidence and Conspiracy Beliefs

Applied Cognitive Psychology, Volume 40, Issue 3, May/June 2026.
ABSTRACT This research explored the relationship between overconfidence and conspiracy beliefs. In Study 1, cross‐sectional analyses demonstrated that both overconfidence in general knowledge and in climate change knowledge were positively associated with climate change conspiracy beliefs.
Haiyan Wang, Jan‐Willem van Prooijen
wiley   +1 more source

Two Tales of Uncertainty: Calibrating Overprecision With Self‐Regulated Entrepreneurial Learning

Strategic Change, Volume 35, Issue 2, Page 273-285, March 2026.
ABSTRACT Entrepreneurial success strongly depends on decision‐making under uncertainty. Uncertainty is particularly pronounced when entrepreneurs are confronted with novel situations characterized by an absence of information. While cognitive biases, such as overprecision, can have a negative impact on decision‐making processes by distorting ...
Julian Kolbe, Noah Bellwald, Alexander Paul Fust   +2 more
wiley   +1 more source

A tale of two biases: Unpacking the relationship of overestimation and overprecision on firm performance

Strategic Management Journal, Volume 47, Issue 1, Page 107-140, January 2026.
Abstract Research Summary Overconfidence is widely known to influence firm decision‐making. Yet there remains confusion regarding the concept because it comprises three key aspects: overplacement, overestimation, and overprecision. Using archival data, we employ a firm‐level overconfidence construct to simultaneously analyze the impacts of both ...
Wayne G. Borchardt, Dan P. Lovallo, Mikael Samuelsson, Ayrton da Silva   +3 more
wiley   +1 more source

The Discouraging Effect of Overconfidence

Southern Economic Journal, Volume 92, Issue 3, Page 716-727, January 2026.
ABSTRACT Overconfidence is often viewed as encouraging entrepreneurs and CEOs to follow risky strategies such as entering new markets, engaging in innovation, or pursuing mergers and acquisitions. While such undertakings can generate excess returns and profits, overconfidence is frequently offered as an explanation for why so many business ventures ...
Cary Deck, Klajdi Bregu
wiley   +1 more source

Confidence and information usage: Evidence from soil testing in India 

American Journal of Agricultural Economics, Volume 107, Issue 5, Page 1406-1437, October 2025.
Abstract Informational barriers are often considered to be a major constraint to the adoption of improved farming practices, inputs, and technologies by smallholder farmers. In the Indian context, it is widely believed that farmers misapply chemical fertilizers because they lack scientific information on soil conditions and corresponding fertilizer ...
Jared Gars, Ram Fishman, Avinash Kishore, Yoav Rothler, Patrick S. Ward   +4 more
wiley   +1 more source

The Role of Monetary Incentives and Feedback on How Well Students Calibrate Their Academic Performance

European Journal of Education, Volume 60, Issue 3, September 2025.
ABSTRACT Students' accurate monitoring of their own performance is essential for achieving successful learning processes. In this work, we have aimed at analysing the role played by monetary incentives and by metacognitive feedback in improving students' miscalibration of their academic performance.
Gerardo Sabater‐Grande, Noemí Herranz‐Zarzoso, Aurora García‐Gallego   +2 more
wiley   +1 more source