Abstract
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.
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.
Original language | English |
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Publication date | 2015 |
Number of pages | 26 |
Publication status | Published - 2015 |
Event | The DRUID Society Conference 2015: The Relevance of Innovation - LUISS Business School, Rome, Italy Duration: 15 Jun 2015 → 17 Jun 2015 Conference number: 37 http://druid8.sit.aau.dk/druid/registrant/index/login/cid/16 |
Conference
Conference | The DRUID Society Conference 2015 |
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Number | 37 |
Location | LUISS Business School |
Country/Territory | Italy |
City | Rome |
Period | 15/06/2015 → 17/06/2015 |
Sponsor | LUISS Guido Carli - Libera Università Internazionale degli Studi Sociali Guido Carli |
Internet address |