CEO过度自信对薪酬合同影响理论综述

“理性人”假设是传统经济学最基本的假设。在这一假设下,每一个人的行为都是极度理性的,人的情绪和感情因素对市场的影响极其有限。但研究者在研究市场经济活动的过程中发现事实并非如此,以此假设为前提的数学模型,并不能很好地解释和预测许多现实中的经济活动。因此,大量经济学家和心理学家开始从人们的心理、行为角度出发,考虑人的感情因素和情绪因素对市场中经济活动的影响。

A Survey of Theories about Impact of CEO's Overconfidence upon Compensation

According to the hypothesis about "rational person",the most basic hypothesis in traditional economics,every person's behavior is rational and his or her emotional and sentimental factors exert a limited influence upon the market.However,researchers discovered that it is not the case when they researched the market economic activities.The mathematical model that presupposes this hypothesis fails to explain and predict quite a few economic activities satisfactorily.Accordingly,economists and psychologists divert their attention to people's psychology and behavior and explore the influence people's emotional and sentimental factors exercise upon market economic activities.