Persistent #Overconfidence & Biased Memory: Evidence from Managers http://d.repec.org/n?u=RePEc:iza:izadps:dp16283&r=lma
"…findings in this paper are consistent with managers being overconfident about their future relative performance in the workplace, despite substantial feedback. The evidence of overly-positive memories of past feedback, & a link between these & overconfident predictions, points to an explanation based on #motivatedBeliefs."
#BoundedRationality #LaborEconomics