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Effects of a CEO’s overconfidence and his/her power on the performance of Chinese firms
This study first determines whether CEO overconfidence decreases the level of firm performance and increases the performance variability. Then, we...
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Which return regime induces overconfidence behavior? Artificial intelligence and a nonlinear approach
Overconfidence behavior, one form of positive illusion, has drawn considerable attention throughout history because it is viewed as the main reason...
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Examining the Influence of Mayoral Overconfidence on Government Innovation Investment and City Innovation Power: an Environmental Boundary Model Approach
This study explores the phenomenon of managerial behavioral patterns resulting from complex social environments and investigates the behavioral...
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Overconfidence: the roles of gender, public observability and incentives
In this project, we manipulate the public observability of forecasts and outcomes of a physical task. We explore how these manipulations affect...
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Overconfidence in the art market: a bargaining pricing model with asymmetric disinformation
This paper develops a Nash bargaining model of price formation in the art market. Agents can be naïve, if they are overconfident and either...
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The Key Determinants of Financial Risk Tolerance Among Gen-Z Investors: Propensity for Regret, Propensity for Overconfidence and Income Level
Gen-Z investors in the Indonesian stock market have grown in recent years. Propensity for regret, overconfidence along with individual income are...
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Overconfidence and the adoption of robo-advice: why overconfident investors drive the expansion of automated financial advice
Adaptive online platforms, powered by artificial intelligence, commonly referred to as robo-advice, steadily increase their market share. Yet these...
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How Does Overconfidence Affect Entrepreneurs at Loss
This paper will review past economic models and through the analysis of mature economic and psychological models, this paper explains the rational...
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CEO overconfidence and the adjustment speed of leverage and cash: evidence on cash is not the same as negative debt
Overconfident CEOs speed up (slow down) adjusting firm leverage if it is above (below) target leverage. In addition, overconfident CEOs speed up...
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The role of self-confidence in teamwork: experimental evidence
Teamwork has become increasingly important in modern organizations and the labor market. Yet, little is known about the role of self-confidence in...
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Overconfidence in Labor Markets
This chapter reviews how worker overconfidence affects labor markets. Evidence from psychology and economics shows that in many situations, most...
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Taxing mobile and overconfident top earners
We set up a simple model of tax competition for mobile, highly-skilled and overconfident managers. Firms endogenously choose the compensation scheme...
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An Empirical Study on the Impact of Behavioural Bias on Investment Decision-Making
Traditional finance theory assumes that investors are rational, but as socio-economic development continues, numerous real-life examples and...
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Goals and guesses as reference points: a field experiment on student performance
In this paper, we study overconfidence and goal-setting in academic performance, with and without monetary incentives. Students enrolled in a...
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The Effect of Information Provision on Stated and Revealed Preferences: A Field Experiment on the Choice of Power Tariffs Before and After Japanese Retail Electricity Liberalization
This paper examines differences in attitudes towards electricity fee plans when information is provided on electricity bills based on past...
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Insurance Choices and Sources of Ambiguity
Uninsurance and underinsurance represent a major policy challenge. A key reason why agents make mistakes might be ascribed to the ambiguity affecting...
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Redistribution and beliefs about the source of income inequality
Previous literature demonstrates that beliefs about the determinants of income inequality play a major role in individual support for income...
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Survival, Attrition and Biased Decision-Making
This paper considers the persistence of earnings differentials between wage earners and the self-employed through modeling overconfidence. The model...
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Research on the Impact of Digitalization on Individual Investors’ Behavior from the Perspective of Behavioral Finance
As the world enters an irreversible digital transformation, massive information penetrates into all aspects of people’s lives, especially the...
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Exploring the Growth and Future Research Direction of Entrepreneurial Self-efficacy in Entrepreneurial Intention Research: a Bibliometric Analysis
Entrepreneurial self-efficacy (ESE) is a crucial factor differentiating entrepreneurs from ordinary individuals. It primarily impacts entrepreneurs’...
