This paper analyses the impact of retailer overconfidence psychology on incentive contract for a manufacturer-retailer supply chain, where product quality is affected by the manufacturer and the retailer’s behaviors. There exists double-sided moral hazard in the supply chain. Using principal-agent model, this paper builds incentive contracts under symmetric and asymmetric information situations...

Executives have high stakes riding on executive skill accumulated in their non-CEO executive positions in order to establish themselves as talented before being on the competitive CEO market. This paper considers an assignment model augmented by costly pre-CEO executive skill accumulation on the job. As the firm size distribution is more spread to the right, causing the increase in firm size, t...

We use a stock-market game and predictions of examination marks to examine differences between overconfidence and biased self-attribution (BSA) of British and Asian students. Although different overconfidence measures show little correlation, Asians are consistently more overconfident than the British. All are equally prone to BSA. © 2007 Elsevier Inc. All rights reserved. JEL classification: G...

Prior reviews of the CEO turnover and succession literature suggest that empirical findings on organizational implications continue to be equivocal. In this paper, we develop a conceptual framework for examining the impact of CEO turnover and succession on organizational capabilities. Using the social network perspective as a theoretical lens, we identify conditions in which CEO turnover is exp...

Evidence from both psychology and economics indicates that individuals give statements that appear to overestimate their ability compared to that of others. We test three theories that predict such relative overconfidence. The first theory argues that overconfidence can be generated by Bayesian updating from a common prior and truthful statements if individuals do not know their true type. The ...

Cinnamon essential oil (CEO) was successfully encapsulated into chitosan (CS) nanoparticles at different loading amounts (1%, 1.5%, 2%, and 2.5% v/v) using oil-in-water (o/w) emulsion and ionic-gelation methods. In order to form active packaging, poly(lactic acid) (PLA) was used to fabricate PLA/CS-CEO composite fibers using a simple electrospinning method. The shape, size, zeta potential, and ...

I estimate a dynamic model in which a board of directors and a CEO interact to set the levels of CEO incentives and e¤ort. The intent is to understand the e¤ect that CEO incentives have on …rm value. In the model incentive levels are the result of CEO risk aversion, the cost of CEO e¤ort, the e¤ect of CEO e¤ort on …rm value, the volatility of shocks to …rm value, and the preference a board has ...

The conference started with musical audio on Dhanvantari Archana prepared by Dr. Shrikant Wagh and enchanting Ayats from Holy Quran were read. Dr. Mandar Bedekar was the master of ceremony of the inaugural function. Dato Dr. Lim, President and CEO DXN Company (Malaysia) inaugurated the conference. Other dignitaries present were President of the conference Dr. Jose Rugue of Sao Paulo, Brazil, Gu...

The purpose of the study was to investigate how numeracy and acuity of the approximate number system (ANS) relate to the calibration and coherence of probability judgments. Based on the literature on number cognition, a first hypothesis was that those with lower numeracy would maintain a less linear use of the probability scale, contributing to overconfidence and nonlinear calibration curves. A...

Overconfidence can manifest itself in various forms. For example, people think that their knowledge is more precise than it really is (miscalibration) and they believe that their abilities are above average (better than average effect). The questions whether judgment biases are related or whether stable individual differences in the degree of overconfidence exist, have long been unexplored. In ...