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"Although leaders should be enocuraged to be confident, there is a risk in encouraging overconfidence. In fact, leaders should try to keep their confidence fairly low when it is necessary...

"..overconfident managers use less external finance .. CEOs who grew up during the Great Depression are averse to debt .. CEOs with military experience pursue more aggressive policies   Malmendier, U., University...

"One cost of exerting authority is that its operation may be degraded under conditions of stress  ... this may be manifest in part as the 'hubris syndrome',   Professor Trevor...

"Overconfident CEOs are more likely to issue optimistically biased forecasts because they overestimate their ability to affect their financial results and/or they underestimate the probability of random events   Hribar,...

"The financial turmoil of 2008 (was) preceded by an incubation period lasting for over two decades during which a culture of mania developed .. a culture comprised of denial; omnipotence;...

Geoff Marlow,  a member of the Deadalus Trust Steering Committee introduces the upcoming Research Cafe and the hopes for what it will achieve. The Cafe was held in conjunction with...

"Power can exacerbate the tendency for people to overweight their own initial judgment, such that the most powerful decision makers can also be the least accurate.   See, K.E., Morrison,...

"The fact that overconfident populations are evolutionarily stable may help to explain why overconfidence remains prevalent, even if it contributes to hubris, market bubbles, financial collapses, policy failures, disasters and...

"In 2009, British Petroleum (BP) executives confidently down-played potential risks associated with their Gulf of Mexico oil rig, assuring regulators that it was virtually impossible for a major accident to...

"It is the contradiction between the complex social dynamics of real-life organizations and the dominant view of what leaders are supposed to do that creates ideal conditions for "hubris syndrome"...