CEO confidence bias and strategic choice: a general framework

CEO confidence bias and strategic choice: a general framework

An owner of a firm may choose to hire an unbiased CEO or one with confidence bias. We develop a model that demonstrates that the owner’s optimal choice depends on whether the firm and rival choice variables are strategic substitutes or strategic complements. When choice variables are strategic subst...

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Bibliographic Details
Main Authors:	Elizabeth Schroeder, Carol Horton Tremblay, Victor J. Tremblay
Format:	Article
Language:	English
Published:	Taylor & Francis Group 2022-12-01
Series:	Journal of Applied Economics
Subjects:	Behavioral economics firm behavior confidence bias managerial overconfidence strategic substitutes and complements
Online Access:	https://www.tandfonline.com/doi/10.1080/15140326.2022.2053829

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