The paper investigates the impact that female directors have on mergers and acquisitions (M&A) deals’ initiation with a negative binomial regression analysis 250 companies in Europe decade 2009–2018. Results show addition of director increases number bid initiations by 12.86 percent, an outcome contrast extant literature, according to which presence would decrease mitigate male CEO overconf...

We conduct two incentivized random-assignment experiments to investigate whether overconfidence is impacted by (1) incidental mild positive affect, or (2) incidental mild negative affects—anger, fear, and sadness. We measure overconfidence using overestimation of past quiz-performance and overestimation of past quiz-performance compared to peers. The results of the first experiment indicate tha...

This research examines the affect of overconfidence on the entrepreneurial investment choices of individuals. We argue that individual overconfidence is associated with more aggressive entrepreneurial investment decisions. We show that the propensity of an individual to begin startup activities is positively associated with the individual's level of overconfidence. Furthermore, overconfidence i...

This paper investigates overconfidence among individual stock investors. We focus on Turkey in order to use a unique nationwide dataset and study how common overconfidence is, what factors affect overconfidence and how overconfidence relates to investor return performance. Our findings show that overconfident behavior is common among individual stock investors. Male, younger investors, investor...

Empirical evidence suggests that people on average overestimate their own ability in a variety of circumstances. Little is known, however, about the origins of such overconfidence. To shed some light on this issue, we use the classic twin design to estimate the genetic and environmental contributions to individual differences in overconfidence. We collect data on overconfidence among 460 twin p...

The purpose of this study is to investigate the impact Profitabilitas and Profile CEO on Earning Management. Main Consumer companies listed Indonesia Stock Exchange (IDX) between 2019 2021 make up study's population. Secondary data from firm's financial statements was gathered via www.idx.co.id website or individual company websites. employed a purposive sampling technique with number criteria,...

• Those who view intelligence as fixed account for most of the “overconfidence effect.” • Overconfidence is preserved, in part, by attending to easy more than difficult tasks. • Growth mindsets lead to openness to difficulty and, in turn, greater self-insight. • Teaching a growth mindset makes students open to difficulty and less overconfident. • Overconfidence is maintained through preferentia...

This paper examines financial professionals’ overconfidence in their forecasting performance. We are the first to compare individual financial professionals’ self-ratings with their true forecasting performance. Data spans several years at monthly frequency. The forecasters in our sample do not provide feasible self-ratings compared to their true performance but show overconfidence on average. ...

Overconfidence is a pervasive reasoning bias and refers to unwarranted confidence in one’s knowledge or judgment. Most reasoning theories acknowledge that people reason both analytically and intuitively. Past research has revealed that intuitivelyoriented individuals commit more reasoning biases. The hypothesis of this study was that heuristic processing contributes to the overconfidence bias. ...