Management
![A note on trader Sharpe ratios. (2009)](http://www.daedalustrust.com/wp-content/uploads/2014/09/daedalus-logo.gif)
A note on trader Sharpe ratios. (2009)
"Financial traders are assessed by how much money they make per unit of risk taken, known as the Sharpe Ratio.. a population of experienced traders attain Sharpe Ratios significantly higher than the...
Written by: Coates and Page.
Read more![Social hierarchy: the self-reinforcing nature of power and status. (2008)](http://www.daedalustrust.com/wp-content/uploads/2014/09/daedalus-logo.gif)
Social hierarchy: the self-reinforcing nature of power and status. (2008)
"In this review, we revisit some basic psychological and sociological elements of hierarchy and argue that status and power are two important yet distinct bases of hierarchical differentiation. Magee,...
Written by: Magee and Galinsky.
Read more![Power reduces the press of the situation: implications for creativity, conformity and dissonance. (2008)](http://www.daedalustrust.com/wp-content/uploads/2014/09/daedalus-logo.gif)
Power reduces the press of the situation: implications for creativity, conformity and dissonance. (2008)
"..explores whether power psychologically protects people from influence. ...experiments demonstrate that the powerful (a) generate creative ideas that are less influenced by salient examples, (b) express attitudes that conform less.... Galinsky, A.D.,...
Written by: Galinsky, Magee, Gruenfeld et al.
Read more![The trouble with overconfidence. (2008)](http://www.daedalustrust.com/wp-content/uploads/2014/09/daedalus-logo.gif)
The trouble with overconfidence. (2008)
"On difficult tasks, people overestimate their performance but also mistakenly believe that they are worse than others. On easy tasks, people underestimate their actual performances but mistakenly believe they are...
Written by: Moore and Healy.
Read more![Who makes acquisitions? CEO overconfidence and the market’s reaction. (2008)](http://www.daedalustrust.com/wp-content/uploads/2014/09/daedalus-logo.gif)
Who makes acquisitions? CEO overconfidence and the market’s reaction. (2008)
"Overconfident CEOs over-estimate their ability to generate returns. As a result, they overpay for target companies and undertake value-destroying mergers. The effects are strongest if they have access to internal...
Written by: Malmendier and Tate.
Read more![Overconfidence, CEO selection, and corporate governance. (2008)](http://www.daedalustrust.com/wp-content/uploads/2014/09/daedalus-logo.gif)
Overconfidence, CEO selection, and corporate governance. (2008)
"...an overconfident manager, who sometimes makes value-destroying investments, has a higher likelihood than a rational manager of being deliberately promoted to CEO under value-maximizing corporate governance. Goel, A.M., DePaul University, Thakor, A.V.,...
Written by: Goel and Thakor.
Read more![Are overconfident CEOs born or made? Evidence of self-attribution bias from frequent acquirers. (2008)](http://www.daedalustrust.com/wp-content/uploads/2014/09/daedalus-logo.gif)
Are overconfident CEOs born or made? Evidence of self-attribution bias from frequent acquirers. (2008)
"Many CEOs overestimate their own negotiating skills and overlook the element of luck in successful mergers, acquisitions, and other deals. CEOs appear to overly attribute their role in successful deals, leading...
Written by: Billet and Qian.
Read more![Power, propensity to negotiate, and moving first in competitive interactions. (2007)](http://www.daedalustrust.com/wp-content/uploads/2014/09/daedalus-logo.gif)
Power, propensity to negotiate, and moving first in competitive interactions. (2007)
"...high-power individuals displayed a greater propensity to initiate a negotiation than did low-power individuals... power increased the likelihood of making the first move in a variety of competitive interactions. ...
Written by: Magee, Galinsky and Gruenfeld.
Read more![Managerial overconfidence and corporate policies. (2007)](http://www.daedalustrust.com/wp-content/uploads/2014/09/daedalus-logo.gif)
Managerial overconfidence and corporate policies. (2007)
"...companies with overconfident CFOs use lower discount rates to value cash flows, and that they invest more, use more debt, are less likely to pay dividends, are more likely to...
Written by: Ben-David, Graham and Harvey.
Read more![It’s all about me: narcissistic chief executive officers and their effects on company strategy and performance. (2007)](http://www.daedalustrust.com/wp-content/uploads/2014/09/daedalus-logo.gif)
It’s all about me: narcissistic chief executive officers and their effects on company strategy and performance. (2007)
"Narcissistic CEOs favor bold actions …, resulting in big wins or big losses, but their firms' performance is generally no better or worse than non-narcissistic CEOs’ firms. Arijit Chatterjee and...
Written by: Chatterjee, Arijit & Hambricj, Donald C.
Read more