- 1-Illusory correlation in the remuneration of chief executive officers : It pays to play golf , and well

@inproceedings{Kolev20081C,
  title={- 1-Illusory correlation in the remuneration of chief executive officers : It pays to play golf , and well},
  author={Gueorgui I. Kolev and Robin M. Hogarth},
  year={2008}
}
Illusory correlation refers to the use of information in decisions that is uncorrelated with the relevant criterion. We document illusory correlation in CEO compensation decisions by demonstrating that information, that is uncorrelated with corporate performance, is related to CEO compensation. We use publicly available data from the USA for the years 1998… CONTINUE READING