The leadership fallacy: How misattribution of leadership leads to a blaming game
Author
Abstract
Suggested Citation
DOI: 10.1016/j.joep.2024.102753
Download full text from publisher
As the access to this document is restricted, you may want to
for a different version of it.References listed on IDEAS
- Benjamin Enke, 2020.
"What You See Is All There Is,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 135(3), pages 1363-1398.
- Benjamin Enke, 2020. "What You See Is All There Is," CESifo Working Paper Series 8131, CESifo.
- Ronis, David L. & Yates, J. Frank, 1987. "Components of probability judgment accuracy: Individual consistency and effects of subject matter and assessment method," Organizational Behavior and Human Decision Processes, Elsevier, vol. 40(2), pages 193-218, October.
- Nisvan Erkal & Lata Gangadharan & Boon Han Koh, 2022.
"By chance or by choice? Biased attribution of others’ outcomes when social preferences matter,"
Experimental Economics, Springer;Economic Science Association, vol. 25(2), pages 413-443, April.
- Nisvan Erkal & Lata Gangadharan & Boon Han Koh, 2021. "By Chance or by Choice? Biased Attribution of Others'Outcomes when Social Preferences Matter," University of East Anglia School of Economics Working Paper Series 2021-03, School of Economics, University of East Anglia, Norwich, UK..
- Philippe Jehiel, 2018.
"Investment Strategy and Selection Bias: An Equilibrium Perspective on Overoptimism,"
American Economic Review, American Economic Association, vol. 108(6), pages 1582-1597, June.
- Philippe Jehiel, 2017. "Investment strategy and selection bias: An equilibrium perspective on overoptimism," PSE Working Papers halshs-01557560, HAL.
- Philippe Jehiel, 2018. "Investment Strategy and Selection Bias: An Equilibrium Perspective on Overoptimism," Post-Print halshs-01884380, HAL.
- Philippe Jehiel, 2018. "Investment Strategy and Selection Bias: An Equilibrium Perspective on Overoptimism," PSE-Ecole d'économie de Paris (Postprint) halshs-01884380, HAL.
- Philippe Jehiel, 2017. "Investment strategy and selection bias: An equilibrium perspective on overoptimism," Working Papers halshs-01557560, HAL.
- Samuel A Swift & Don A Moore & Zachariah S Sharek & Francesca Gino, 2013. "Inflated Applicants: Attribution Errors in Performance Evaluation by Professionals," PLOS ONE, Public Library of Science, vol. 8(7), pages 1-15, July.
- Loerakker, Ben & van Winden, Frans, 2017. "Emotional Leadership in an Intergroup Conflict Game Experiment," Journal of Economic Psychology, Elsevier, vol. 63(C), pages 143-167.
- Cavalcanti, Carina & Grossman, Philip J. & Khalil, Elias L., 2023. "Leadership heuristic," Journal of Economic Psychology, Elsevier, vol. 98(C).
- Mark Grinblatt & Matti Keloharju, 2009.
"Sensation Seeking, Overconfidence, and Trading Activity,"
Journal of Finance, American Finance Association, vol. 64(2), pages 549-578, April.
- Mark Grinblatt & Matti Keloharju, 2006. "Sensation Seeking, Overconfidence, and Trading Activity," NBER Working Papers 12223, National Bureau of Economic Research, Inc.
- Kassas, Bachir & Palma, Marco A. & Porter, Maria, 2022. "Happy to take some risk: Estimating the effect of induced emotions on risk preferences," Journal of Economic Psychology, Elsevier, vol. 91(C).
- Meissner, Philip & Wulf, Torsten, 2017. "The effect of cognitive diversity on the illusion of control bias in strategic decisions: An experimental investigation," European Management Journal, Elsevier, vol. 35(4), pages 430-439.
- Ensari, Nurcan & Murphy, Susan Elaine, 2003. "Cross-cultural variations in leadership perceptions and attribution of charisma to the leader," Organizational Behavior and Human Decision Processes, Elsevier, vol. 92(1-2), pages 52-66.
- repec:pri:cepsud:125krueger is not listed on IDEAS
- Daniel Kahneman & Alan B. Krueger & David Schkade & Norbert Schwarz & Arthur A. Stone, 2006. "Would You Be Happier If You Were Richer? A Focusing Illusion," Working Papers 77, Princeton University, Department of Economics, Center for Economic Policy Studies..
- Guoli Chen & Craig Crossland & Shuqing Luo, 2015. "Making the same mistake all over again: CEO overconfidence and corporate resistance to corrective feedback," Strategic Management Journal, Wiley Blackwell, vol. 36(10), pages 1513-1535, October.
- Daniel Kahneman & Alan B. Krueger & David Schkade & Norbert Schwarz & Arthur A. Stone, 2006. "Would You Be Happier If You Were Richer? A Focusing Illusion," Working Papers 77, Princeton University, Department of Economics, Center for Economic Policy Studies..
- Robin L. Dillon & Catherine H. Tinsley, 2008. "How Near-Misses Influence Decision Making Under Risk: A Missed Opportunity for Learning," Management Science, INFORMS, vol. 54(8), pages 1425-1440, August.
- Duncan James, 2007. "Stability of risk preference parameter estimates within the Becker-DeGroot-Marschak procedure," Experimental Economics, Springer;Economic Science Association, vol. 10(2), pages 123-141, June.
- Nina Hestermann & Yves Le Yaouanq, 2021. "Experimentation with Self-Serving Attribution Biases," American Economic Journal: Microeconomics, American Economic Association, vol. 13(3), pages 198-237, August.
- Luis Garicano & Luis Rayo, 2016.
"Why Organizations Fail: Models and Cases,"
Journal of Economic Literature, American Economic Association, vol. 54(1), pages 137-192, March.
- Garicano, Luis & Rayo, Luis, 2015. "Why organizations fail: models and cases," CEPR Discussion Papers 10395, Centre for Economic Policy Research.
- Brad M. Barber & Terrance Odean, 2001. "Boys will be Boys: Gender, Overconfidence, and Common Stock Investment," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 116(1), pages 261-292.
- Jerker Denrell, 2003. "Vicarious Learning, Undersampling of Failure, and the Myths of Management," Organization Science, INFORMS, vol. 14(3), pages 227-243, June.
- Paul Heidhues & Botond Kőszegi & Philipp Strack, 2018. "Unrealistic Expectations and Misguided Learning," Econometrica, Econometric Society, vol. 86(4), pages 1159-1214, July.
- Marianne Bertrand & Sendhil Mullainathan, 2001. "Are CEOs Rewarded for Luck? The Ones Without Principals Are," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 116(3), pages 901-932.
- Alessandro Pluchino & Alessio Emanuele Biondo & Andrea Rapisarda, 2018. "Talent Versus Luck: The Role Of Randomness In Success And Failure," Advances in Complex Systems (ACS), World Scientific Publishing Co. Pte. Ltd., vol. 21(03n04), pages 1-31, May.
- Roberto Weber & Colin Camerer & Yuval Rottenstreich & Marc Knez, 2001. "The Illusion of Leadership: Misattribution of Cause in Coordination Games," Organization Science, INFORMS, vol. 12(5), pages 582-598, October.
- Dan Lovallo & Colin Camerer, 1999. "Overconfidence and Excess Entry: An Experimental Approach," American Economic Review, American Economic Association, vol. 89(1), pages 306-318, March.
- Kai Barron & Steffen Huck & Philippe Jehiel, 2024.
"Everyday Econometricians: Selection Neglect and Overoptimism When Learning from Others,"
American Economic Journal: Microeconomics, American Economic Association, vol. 16(3), pages 162-198, August.
- Barron, Kai & Huck, Steffen & Jehiel, Philippe, 2019. "Everyday econometricians: Selection neglect and overoptimism when learning from others," Discussion Papers, Research Unit: Economics of Change SP II 2019-301, WZB Berlin Social Science Center.
- Kai Barron & Steffen Huck & Philippe Jehiel, 2023. "Everyday econometricians: Selection neglect and overoptimism when learning from others," Working Papers halshs-04154345, HAL.
- Kai Barron & Steffen Huck & Philippe Jehiel, 2022. "Everyday econometricians: Selection neglect and overoptimism when learning from others," PSE Working Papers halshs-03735640, HAL.
- Kai Barron & Steffen Huck & Philippe Jehiel, 2022. "Everyday econometricians: Selection neglect and overoptimism when learning from others," Working Papers halshs-03735640, HAL.
- Kai Barron & Steffen Huck & Philippe Jehiel, 2023. "Everyday econometricians: Selection neglect and overoptimism when learning from others," PSE Working Papers halshs-04154345, HAL.
- Kai Barron & Steffen Huck & Philippe Jehiel, 2024. "Everyday Econometricians: Selection Neglect and Overoptimism When Learning from Others," PSE-Ecole d'économie de Paris (Postprint) halshs-04811339, HAL.
- Kai Barron & Steffen Huck & Philippe Jehiel, 2024. "Everyday Econometricians: Selection Neglect and Overoptimism When Learning from Others," Post-Print halshs-04811339, HAL.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Li, Jianbiao & Liu, Zenghui & Niu, Xiaofei, 2025. "Transcranial stimulation over the right temporoparietal junction decreases outcome bias," Journal of Economic Psychology, Elsevier, vol. 111(C).
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Barron, Kai & Gravert, Christina, 2022.
"Confidence and career choices: an experiment,"
EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 124(1), pages 35-68.
- Kai Barron & Christina Gravert, 2022. "Confidence and Career Choices: An Experiment," Scandinavian Journal of Economics, Wiley Blackwell, vol. 124(1), pages 35-68, January.
- Barron, Kai & Gravert, Christina, 2018. "Confidence and career choices: An experiment," Discussion Papers, Research Unit: Economics of Change SP II 2018-301, WZB Berlin Social Science Center.
- Barron, Kai & Gravert, Christina, 2020. "Confidence and career choices: An experiment," Discussion Papers, Research Unit: Economics of Change SP II 2018-301r2, WZB Berlin Social Science Center, revised 2020.
- Barron, Kai & Gravert, Christina, 2019. "Confidence and Career Choices: An Experiment," Rationality and Competition Discussion Paper Series 169, CRC TRR 190 Rationality and Competition.
- Barron, Kai & Gravert, Christina, 2019. "Confidence and career choices: An experiment," Discussion Papers, Research Unit: Economics of Change SP II 2018-301r, WZB Berlin Social Science Center, revised 2019.
- Barron, Kai & Gravert, Christina, 2018. "Confidence and Career Choices: An Experiment," Working Papers in Economics 715, University of Gothenburg, Department of Economics.
- Kai Barron & Tilman Fries, 2023.
"Narrative Persuasion,"
Rationality and Competition Discussion Paper Series
469, CRC TRR 190 Rationality and Competition.
- Barron, Kai & Fries, Tilman, 2023. "Narrative persuasion," Discussion Papers, Research Unit: Economics of Change SP II 2023-301, WZB Berlin Social Science Center.
- Fries, Tilman & Barron, Kai, 2023. "Narrative Persuasion," VfS Annual Conference 2023 (Regensburg): Growth and the "sociale Frage" 277691, Verein für Socialpolitik / German Economic Association.
- Kai Barron & Tilman Fries, 2023. "Narrative Persuasion," CESifo Working Paper Series 10206, CESifo.
- Barron, Kai & Fries, Tilman, 2024. "Narrative persuasion," Discussion Papers, Research Unit: Economics of Change SP II 2023-301r, WZB Berlin Social Science Center.
- Kai Barron & Tilman Fries, 2024. "Narrative Persuasion," Berlin School of Economics Discussion Papers 0039, Berlin School of Economics.
- Kai Barron & Steffen Huck & Philippe Jehiel, 2024.
"Everyday Econometricians: Selection Neglect and Overoptimism When Learning from Others,"
American Economic Journal: Microeconomics, American Economic Association, vol. 16(3), pages 162-198, August.
- Barron, Kai & Huck, Steffen & Jehiel, Philippe, 2019. "Everyday econometricians: Selection neglect and overoptimism when learning from others," Discussion Papers, Research Unit: Economics of Change SP II 2019-301, WZB Berlin Social Science Center.
- Kai Barron & Steffen Huck & Philippe Jehiel, 2023. "Everyday econometricians: Selection neglect and overoptimism when learning from others," PSE Working Papers halshs-04154345, HAL.
- Kai Barron & Steffen Huck & Philippe Jehiel, 2022. "Everyday econometricians: Selection neglect and overoptimism when learning from others," PSE Working Papers halshs-03735640, HAL.
- Kai Barron & Steffen Huck & Philippe Jehiel, 2022. "Everyday econometricians: Selection neglect and overoptimism when learning from others," Working Papers halshs-03735640, HAL.
- Kai Barron & Steffen Huck & Philippe Jehiel, 2024. "Everyday Econometricians: Selection Neglect and Overoptimism When Learning from Others," PSE-Ecole d'économie de Paris (Postprint) halshs-04811339, HAL.
- Kai Barron & Steffen Huck & Philippe Jehiel, 2023. "Everyday econometricians: Selection neglect and overoptimism when learning from others," Working Papers halshs-04154345, HAL.
- Kai Barron & Steffen Huck & Philippe Jehiel, 2024. "Everyday Econometricians: Selection Neglect and Overoptimism When Learning from Others," Post-Print halshs-04811339, HAL.
- Derek Lemoine, 2025. "Rationally misplaced confidence," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 80(1), pages 1-38, August.
- Joon Mahn Lee & Jung Chul Park & Guoli Chen, 2023. "A cognitive perspective on real options investment: CEO overconfidence," Strategic Management Journal, Wiley Blackwell, vol. 44(4), pages 1084-1110, April.
- Helen X. H. Bao & Steven Haotong Li, 2016. "Overconfidence And Real Estate Research: A Survey Of The Literature," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 61(04), pages 1-24, September.
- Dalton, P.S. & Ghosal, S., 2014.
"Self-Confidence, Overconfidence and Prenatal Testorone Exposure : Evidence from the Lab,"
Discussion Paper
2014-014, Tilburg University, Center for Economic Research.
- Dalton, P.S. & Ghosal, S., 2014. "Self-Confidence, Overconfidence and Prenatal Testorone Exposure : Evidence from the Lab," Other publications TiSEM 4e1f8c21-94d7-4351-bf26-0, Tilburg University, School of Economics and Management.
- Stephen L. Cheung & Lachlan Johnstone, 2025.
"True overconfidence, revealed through actions: An experiment,"
Journal of Risk and Uncertainty, Springer, vol. 70(2), pages 171-199, April.
- Cheung, Stephen L. & Johnstone, Lachlan, 2017. "True Overconfidence, Revealed through Actions: An Experiment," IZA Discussion Papers 10545, IZA Network @ LISER.
- Philippe Jehiel, 2018.
"Investment Strategy and Selection Bias: An Equilibrium Perspective on Overoptimism,"
American Economic Review, American Economic Association, vol. 108(6), pages 1582-1597, June.
- Philippe Jehiel, 2017. "Investment strategy and selection bias: An equilibrium perspective on overoptimism," PSE Working Papers halshs-01557560, HAL.
- Philippe Jehiel, 2018. "Investment Strategy and Selection Bias: An Equilibrium Perspective on Overoptimism," Post-Print halshs-01884380, HAL.
- Philippe Jehiel, 2018. "Investment Strategy and Selection Bias: An Equilibrium Perspective on Overoptimism," PSE-Ecole d'économie de Paris (Postprint) halshs-01884380, HAL.
- Philippe Jehiel, 2017. "Investment strategy and selection bias: An equilibrium perspective on overoptimism," Working Papers halshs-01557560, HAL.
- Cafferata, Fernando G. & Dominguez, Patricio & Scartascini, Carlos, 2025. "Overconfidence and preferences for gun use: Evidence from six countries in the Americas," Journal of Economic Psychology, Elsevier, vol. 111(C).
- Johannes Brunzel, 2021. "Overconfidence and narcissism among the upper echelons: a systematic literature review," Management Review Quarterly, Springer, vol. 71(3), pages 585-623, July.
- Bannier, Christina E. & Neubert, Milena, 2016.
"Actual and perceived financial sophistication and wealth accumulation: The role of education and gender,"
CFS Working Paper Series
528, Center for Financial Studies (CFS).
- Neubert, Milena & Bannier, Christina E., 2016. "Actual and perceived financial sophistication and wealth accumulation: The role of education and gender," VfS Annual Conference 2016 (Augsburg): Demographic Change 145593, Verein für Socialpolitik / German Economic Association.
- Christina E. Bannier & Milena Neubert, 2016. "Actual and perceived financial sophistication and wealth accumulation: The role of education and gender," Working Papers 1605, Gutenberg School of Management and Economics, Johannes Gutenberg-Universität Mainz.
- Huffman, David B. & Raymond, Collin & Shvets, Julia, 2023. "Persistent Overconfidence and Biased Memory: Evidence from Managers," IZA Discussion Papers 16283, IZA Network @ LISER.
- , Aisdl, 2020. "The Serendipity Mindset," OSF Preprints w52y9, Center for Open Science.
- , Aisdl, 2020. "Becoming Attuned," OSF Preprints j7f8y, Center for Open Science.
- Cédric Gutierrez & Thomas Åstebro & Tomasz Obloj, 2020.
"The Impact of Overconfidence and Ambiguity Attitude on Market Entry,"
Organization Science, INFORMS, vol. 31(2), pages 308-329, March.
- Cédric Gutierrez & Thomas Astebro & Tomasz Obloj, 2020. "The Impact of Overconfidence and Ambiguity Attitude on Market Entry," Working Papers hal-02896061, HAL.
- Ignacio Esponda & Emanuel Vespa & Sevgi Yuksel, 2024.
"Mental Models and Learning: The Case of Base-Rate Neglect,"
American Economic Review, American Economic Association, vol. 114(3), pages 752-782, March.
- Esponda, Ignacio & Vespa, Emanuel & Yuksel, Sevgi, 2024. "Mental Models and Learning: The Case of Base-Rate Neglect," University of California at San Diego, Economics Working Paper Series qt8cb387t8, Department of Economics, UC San Diego.
- Hestermann, Nina & Le Yaouanq, Yves, 2018.
"It\'s not my Fault! Self-Confidence and Experimentation,"
Rationality and Competition Discussion Paper Series
124, CRC TRR 190 Rationality and Competition.
- Nina Hestermann & Yves Le Yaouanq, 2019. "It's not my Fault! Self-Confidence and Experimentation," CESifo Working Paper Series 7501, CESifo.
- López-Pérez, Raúl & Pintér, Ágnes & Sánchez-Mangas, Rocío, 2022.
"Some conditions (not) affecting selection neglect: Evidence from the lab,"
Journal of Economic Behavior & Organization, Elsevier, vol. 195(C), pages 140-157.
- Raúl López-Pérez & Ágnes Pintér & Rocío Sánchez-Mangas, 2020. "Some Conditions (Not) Affecting Selection Neglect: Evidence From The Lab," Working Papers 2002, Instituto de Políticas y Bienes Públicos (IPP), CSIC.
- Katrin Gödker & Terrance Odean & Paul Smeets, 2023. "Disposed to Be Overconfident," CESifo Working Paper Series 10357, CESifo.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:joepsy:v:104:y:2024:i:c:s0167487024000618. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/joep .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.
Printed from https://ideas.repec.org/a/eee/joepsy/v104y2024ics0167487024000618.html