Owen and Davidson coined the term 'Hubris Syndrome' (HS) for a characteristic pattern of exuberant self-confidence, recklessness, and contempt for others, shown by some individuals holding substantial power. Meaning, emotion and attitude are communicated intentionally through language, but psychological and cognitive changes can be reflected in more subtle ways, of which a speaker remains unawa...

The Hubris Hypothesis is grounded on a failure to adequately account for the winner’s curse, which leads to overbidding. Surprisingly few papers have attempted to develop a direct empirical test of the presence of overbidding in M&A contests. We develop two such tests in this paper. Our results strongly support the existence of overbidding. JEL classification: G34

Over the last several decades, there has been a continuing debate between scientists and statisticians concerning appropriate techniques for elucidating the relationships among treatment means. To shed some light on this murky subject, the authors interviewed a scientist of world renown, Dr. Henri Hubris, Professor of Herpetology, Northeastern Central University. Dr. Hubris is widely revered am...