Malmendier & Tate CEO Overconfidence - Revision history

Ed at 22:20, 7 October 2016

2016-10-07T22:20:34Z

2016-09-19T20:43:48Z

Our Malmendier type measure

2016-09-19T19:49:56Z

Our Malmendier type measure

2016-09-19T17:36:37Z

Our Malmendier type measure

2016-09-19T17:25:36Z

Our Malmendier type measure

2016-09-19T17:22:51Z

Our Malmendier type measure

2016-09-19T17:21:46Z

Our Malmendier type measure

2016-09-19T17:20:54Z

Our Malmendier type measure

2016-09-19T17:19:55Z

Our Malmendier type measure

2016-09-19T17:19:22Z

← Older revision		Revision as of 22:20, 7 October 2016
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	Note that for each CEO we'd have multiple observations for different time periods. Thus, let the <math>OC^i </math> to be the mean of all the observations for CEO <math> i </math>		Note that for each CEO we'd have multiple observations for different time periods. Thus, let the <math>OC^i </math> to be the mean of all the observations for CEO <math> i </math>
		+	[[Category:Internal]]

@@ Line 44: / Line 44: @@
 We will come up with a measure to rank all the CEOs based on their option exercise behavior. This measure should first replicate some of the features of the overconfidence measure suggested by Malmendier and Tate. It should also exhibit sufficient variation in our sample of CEOs. After we have successfully ranked CEOs, we simply identify the top x percentile as overconfident.
-A simple measure would be:
+The following annually recorded variable will be part of our measure:
-OC = \sum_
+Estimated value of in-the-money unexercised exercisable options($) VUE
-<math> 2x^2 + </math>
+Estimated value of in-the-money unexercised unexercisable options($) VUU

← Older revision		Revision as of 17:36, 19 September 2016
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	== Our Malmendier type measure ==		== Our Malmendier type measure ==

−	We will come up with a measure to rank all the CEOs based on their option exercise behavior. This measure should first replicate some of the features of the overconfidence measure suggested by Malmendier and Tate. It should also exhibit sufficient variation in our sample of CEOs.	+	We will come up with a measure to rank all the CEOs based on their option exercise behavior. This measure should first replicate some of the features of the overconfidence measure suggested by Malmendier and Tate. It should also exhibit sufficient variation in our sample of CEOs. After we have successfully ranked CEOs, we simply identify the top x percentile as overconfident.
		+
		+	A simple measure would be:
		+
		+	OC = \sum_

← Older revision		Revision as of 17:25, 19 September 2016
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	== Our Malmendier type measure ==		== Our Malmendier type measure ==

−	We will come up with a measure to rank all the CEOs based on their option exercise behavior. This measure should first replicate some of the features of the overconfidence measure suggested by Malmendier and Tate. It should also ~~<math> 2x^2 </math>~~	+	We will come up with a measure to rank all the CEOs based on their option exercise behavior. This measure should first replicate some of the features of the overconfidence measure suggested by Malmendier and Tate. It should also exhibit sufficient variation in our sample of CEOs.
−	~~am <math>\succ </math> you~~

← Older revision		Revision as of 17:22, 19 September 2016
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	We will come up with a measure to rank all the CEOs based on their option exercise behavior. This measure should first replicate some of the features of the overconfidence measure suggested by Malmendier and Tate. It should also <math> 2x^2 </math>		We will come up with a measure to rank all the CEOs based on their option exercise behavior. This measure should first replicate some of the features of the overconfidence measure suggested by Malmendier and Tate. It should also <math> 2x^2 </math>
		+	am <math>\succ </math> you

← Older revision		Revision as of 17:21, 19 September 2016
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	== Our Malmendier type measure ==		== Our Malmendier type measure ==

−	We will come up with a measure to rank all the CEOs based on their option exercise behavior. This measure should first replicate some of the features of the overconfidence measure suggested by Malmendier and Tate. It should also $ 2x^2 $	+	We will come up with a measure to rank all the CEOs based on their option exercise behavior. This measure should first replicate some of the features of the overconfidence measure suggested by Malmendier and Tate. It should also <math> 2x^2 </math>

← Older revision		Revision as of 17:20, 19 September 2016
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	== Our Malmendier type measure ==		== Our Malmendier type measure ==

−	We will come up with a measure to rank all the CEOs based on their option exercise behavior. This measure should first replicate some of the features of the overconfidence measure suggested by Malmendier and Tate. It should also ~~exhibit sufficient variation in our sample of CEOs.~~	+	We will come up with a measure to rank all the CEOs based on their option exercise behavior. This measure should first replicate some of the features of the overconfidence measure suggested by Malmendier and Tate. It should also $ 2x^2 $
−	~~<math>~~ 2x^2 ~~<\math>~~

← Older revision		Revision as of 17:19, 19 September 2016
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	We will come up with a measure to rank all the CEOs based on their option exercise behavior. This measure should first replicate some of the features of the overconfidence measure suggested by Malmendier and Tate. It should also exhibit sufficient variation in our sample of CEOs.		We will come up with a measure to rank all the CEOs based on their option exercise behavior. This measure should first replicate some of the features of the overconfidence measure suggested by Malmendier and Tate. It should also exhibit sufficient variation in our sample of CEOs.
		+	<math> 2x^2 <\math>

← Older revision		Revision as of 17:19, 19 September 2016
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	CEOs who “habitually” exercise options late.		CEOs who “habitually” exercise options late.
		+
		+
		+
		+	== Our Malmendier type measure ==
		+
		+	We will come up with a measure to rank all the CEOs based on their option exercise behavior. This measure should first replicate some of the features of the overconfidence measure suggested by Malmendier and Tate. It should also exhibit sufficient variation in our sample of CEOs.