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Bimonthly newsletter detailing the current computer classes offered by DAS-ITE.

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Bimonthly newsletter detailing the current computer classes offered by DAS-ITE.

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Bimonthly newsletter detailing the current computer classes offered by DAS-ITE.

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Bimonthly newsletter detailing the current computer classes offered by DAS-ITE.

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Bimonthly newsletter detailing the current computer classes offered by DAS-ITE.

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Bimonthly newsletter detailing the current computer classes offered by DAS-ITE.

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Bimonthly newsletter detailing the current computer classes offered by DAS-ITE.

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Bimonthly newsletter detailing the current computer classes offered by DAS-ITE.

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Bimonthly newsletter detailing the current computer classes offered by DAS-ITE.

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Bimonthly newsletter detailing the current computer classes offered by DAS-ITE.

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Bimonthly newsletter detailing the current computer classes offered by DAS-ITE.

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Bimonthly newsletter detailing the current computer classes offered by DAS-ITE.

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Bimonthly newsletter detailing the current computer classes offered by DAS-ITE.

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Illusory correlation refers to the use of information in decisions that is uncorrelated with the relevantcriterion. We document illusory correlation in CEO compensation decisions by demonstrating thatinformation, that is uncorrelated with corporate performance, is related to CEO compensation. We usepublicly available data from the USA for the years 1998, 2000, 2002, and 2004 to examine the relationsbetween golf handicaps of CEOs and corporate performance, on the one hand, and CEO compensationand golf handicaps, on the other hand. Although we find no relation between handicap and corporateperformance, we do find a relation between handicap and CEO compensation. In short, golfers earnmore than non-golfers and pay increases with golfing ability. We relate these findings to the difficultiesof judging compensation for CEOs. To overcome this and possibly other illusory correlations inthese kinds of decisions, we recommend the use of explicit, mechanical decision rules.

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The Attorney General’s Consumer Protection Division receives hundreds of calls and consumer complaints every year. Follow these tips to avoid unexpected expense and disappointments. This record is about: Credit Insurance: Is it a Good Idea for You?