Managerial Overconfidence and Corporate Policies
NBER Working Paper No. 13711
---- Acknowledgements ----
We thank Jim Bettman, Audra Boone, George Constantinides, Werner DeBondt, Michael Gofman, Markus Glaser, Dirk Hackbarth, Ulrike Malmendier, John Payne, Michael Roberts, Aner Sela, Hersh Shefrin, Doug Skinner, Richard Thaler and workshop participants at the AFA Annual Meetings 2007, IDC Caesarea Center conference, MIT, NBER Behavioral Finance conference, University of Chicago, DePaul University, Tel-Aviv University, Yale, and the Whitebox Conference for Behavioral Economics at Yale for helpful comments and suggestions. We especially thank Hui Chen and Simon Gervais for modeling suggestions. We appreciate the research assistance of Hai Huang. All errors are our own. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.