We develop a theoretical framework about how the social network of project leader can introduce bias in project-related decision making form overvaluation. Overvaluation increase both likelihood implementing projects that turn out to be successes or fall below what is expected and thus failures. provide deeper understanding contingencies under which biasing effects networks through overvaluatio...

This study investigated the links between parenting and grandiose narcissism in hopes of clarifying recent empirical discrepancies. One-hundred forty-five participants completed the Narcissistic Personality Inventory and reported about their parents' support, coldness, monitoring, psychological control, and overvaluation. Psychological control was associated positively with narcissism, whereas ...

Narcissism levels have been increasing among Western youth, and contribute to societal problems such as aggression and violence. The origins of narcissism, however, are not well understood. Here, we report, to our knowledge, the first prospective longitudinal evidence on the origins of narcissism in children. We compared two perspectives: social learning theory (positing that narcissism is cult...

Following the Winner’s Curse and the Optimizer’s Curse, this paper introduces the Satisficer’s Curse. The Winner’s Curse requires competition between agents in an auction for, usually, a common-value item; the recently named Optimizer’s Curse is a systematic overvaluation when the decision maker is choosing the highest valued prospect of a set of uncertain future outcomes. The Satisficer’s Curs...

Understanding the developmental roots of narcissism has inspired much theorizing but little systematic inquiry. In this light, the longitudinal study by Brummelman et al. (1), which found that early socialization experiences in the form of parental overvaluation predicts the development of childhood narcissism, is a notable contribution to the empirical literature. Establishing a link between c...

BACKGROUND Whether and to what extent young adults are aware of the adverse impact of eating disorder features (EDF) on psychosocial functioning is unclear, although such awareness may affect the experience and behavior of sufferers. The aim of the current study was to examine young adults' perceptions of psychosocial impairment associated with EDF, and the potential effect on these perceptions...

I analyze a model in which different agents have different non-rational expectations about the future price and cash flows of a risky asset. The beliefs in the society evolve according to a very general class of evolution functions that are monotone; that is if one type has increased its share in the population then all types with higher profit should also have increased their shares. I show th...

Rhodes-Kropf and Viswanathan (2004) suggest an adverse selection role of corporate cash reserve. Specifically, if investors know a bidder does not have to issue to invest, an attempt to do so sends a strong pessimistic signal of overvaluation. Despite its intuitiveness, this notion has not been explicitly studied in the empirical literature. Using a sample of acquisitions that are solely financ...