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Eric J. Van den Steen
Eric Van den Steen is a Professor of Business Administration at HBS, where he teaches strategy. He holds the Roy Little chair, established in honor of the founder of Textron.
Professor Van den Steen's research studies the fundamentals of strategy and... View Details
- 10 Oct 2019
- Working Paper Summaries
Birds of a Feather ... Enforce Social Norms? Interactions Among Culture, Norms, and Strategy
Keywords: by Hongyi Li and Eric J. Van den Steen
- 12 Aug 2009
- Working Paper Summaries
Culture Clash: The Costs and Benefits of Homogeneity
Keywords: by Eric J. Van den Steen
- May 2011
- Article
Overconfidence by Bayesian Rational Agents
This paper derives two mechanisms through which Bayesian-rational individuals with differing priors will tend to be relatively overconfident about their estimates and predictions, in the sense of overestimating the precision of these estimates. The intuition behind one... View Details
Keywords: Decision Choices and Conditions; Forecasting and Prediction; Knowledge Acquisition; Risk Management; Prejudice and Bias
Van den Steen, Eric J. "Overconfidence by Bayesian Rational Agents." Management Science 57, no. 5 (May 2011): 884–896.
- Web
Courses by Title - Course Catalog
Spring 2026 Q3Q4 3.0 Creating Value in Business and Government (HKS-HBS Joint Degree Seminar) General Management Andy Zelleke Fall 2025 Q1Q2 3.0 Creating and Sustaining Competitive Advantage Strategy View Details
- Web
Courses by Faculty - Course Catalog
Successful Enterprise Technology & Operations Management, General Management Fall 2025 Q1Q2 3.0 The Spiritual Lives of Leaders General Management Spring 2026 Q3Q4 3.0 Eric J. View Details
- October 2018
- Article
Strategy and the Strategist: How it Matters Who Develops the Strategy
This paper addresses primarily two questions. First, when (and why) should a company’s strategy be developed by its CEO versus by some outside analyst or other insider? Second, how does strategy interact with vision (in the sense of a strong belief about the right... View Details
Van den Steen, Eric J. "Strategy and the Strategist: How it Matters Who Develops the Strategy." Management Science 64, no. 10 (October 2018): 4533–4551.
- 29 May 2012
- First Look
First Look: May 29
http://www.hbs.edu/research/pdf/11-120.pdf A Theory of Explicitly Formulated Strategy Authors:Eric J. Van den Steen Abstract When a CEO tries to... View Details
Keywords: Sean Silverthorne
- 22 Jun 2010
- First Look
First Look: June 22
over time. On the Origin of Shared Beliefs (and Corporate Culture) Author:Eric J. Van den Steen Publication:The RAND Journal of Economics... View Details
Keywords: Martha Lagace
- 19 Nov 2013
- First Look
First Look: November 19
paper analyzes the effect of a woman's electoral victory on women's subsequent political participation. Using the regression discontinuity afforded by close elections between women and men in India's state... View Details
Keywords: Sean Silverthorne
- Article
Disagreement and the Allocation of Control
This article studies the allocation of control when there is disagreement—in the sense of differing priors—about the right course of action. People then value control rights since they believe that their decisions are better than those of others. More disagreement (due... View Details
Van den Steen, Eric J. "Disagreement and the Allocation of Control." Journal of Law, Economics & Organization 26, no. 2 (August 2010): 385–426. (Advance Access published online on December 3, 2008.)
- 22 Jan 2019
- First Look
New Research and Ideas, January 22, 2019
practical implications to the literature on organizational change, emotions, and language in global organizations. Publisher's link: https://www.hbs.edu/faculty/Pages/item.aspx?num=55473 December 2018 Strategy Science The Strategy in... View Details
Keywords: Dina Gerdeman
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Creating and Sustaining Competitive Advantage - Course Catalog
HBS Course Catalog Creating and Sustaining Competitive Advantage Course Number 1285 Professor Eric J. Van den... View Details
- Article
Birds of a Feather...Enforce Social Norms? Interactions Among Culture, Norms, and Strategy
By: Hongyi Li and Eric J. Van den Steen
Does culture eat strategy for breakfast? This paper investigates the interactions among corporate culture, norms, and strategy, in order to better understand this issue and related questions. It first shows, through microfoundations, how the forces that drive toward... View Details
Li, Hongyi, and Eric J. Van den Steen. "Birds of a Feather...Enforce Social Norms? Interactions Among Culture, Norms, and Strategy." Strategy Science 6, no. 2 (June 2021): 166–189.
- 2019
- Working Paper
Birds of a Feather ... Enforce Social Norms? Interactions Among Culture, Norms, and Strategy
By: Hongyi Li and Eric J. Van den Steen
This paper analyzes how shared beliefs and preferences (or values) cause the emergence of social norms; why people may enforce norms that go against their own beliefs and preferences/values; and how this may cause a disconnect to develop between the... View Details
Li, Hongyi, and Eric J. Van den Steen. "Birds of a Feather ... Enforce Social Norms? Interactions Among Culture, Norms, and Strategy." Harvard Business School Working Paper, No. 20-045, October 2019.
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Strategy - Doctoral
Organizations Department Advisors: Andy Wu (Chair), Jan W. Rivkin , Eric J. Van den Steen , Dennis A. Yao , View Details
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Strategy Curriculum - Faculty & Research
Sustaining Competitive Advantage Eric J. Van den Steen Fall 2025 Q1 1.5 Driving Profitable Growth (also listed... View Details