Overconfidence: A Secret Asset for CEOs?
Alberto Galasso, University of Toronto & Timothy Simcoe , Boston University
Overconfidence can lead CEOs to make bad investment decisions or, worse, choices that leave them squirming in testimony before Parliament. But it can also be their saving grace. The current issue of Management Science includes a revealing study about the positive impact of CEO overconfidence on corporate innovation. Hear the authors, Alberto Galasso of the University of Toronto and Timothy Simcoe of Boston University, explain their surprising results.
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