We study optimism among entrepreneurs, managers and employees using data from a large lab-in-the-field experiment.The results on two survey measures indicate that entrepreneurs are more optimistic than managers and employees in
their dispositional optimism and their attributional style when bad events occur. Such optimism is not unique to entrepreneurs, though. More successful managers (e.g. CEOs) are similarly optimistic. Furthermore, examination of two incentivized measures of overestimation yields that both entrepreneurs and managers are more prone to overestimate their own ability or a future stock market closing price. On all four measures, however, employees are least optimistic.

Publication information

Original languageEnglish
Publication date2015
Number of pages26
StatePublished - 2015
Event - Rome, Italy


ConferenceThe DRUID Society Conference 2015
LocationLUISS Business School
SponsorLUISS Guido Carli - Libera Università Internazionale degli Studi Sociali Guido Carli
Internet address

ID: 43972918