中文摘要：

研究过度自信CEO项目价值预判能力对其投资心理的影响作用以及激励CEO主动承担项目的薪酬契约特点后发现：在预判结果与项目期望价值相同的条件下，当项目价值预判能力足够大时，CEO会认为进行投资能使公司获得收益；随着项目价值预判能力与过度自信水平的不断提高，激励CEO主动承担项目的高水平薪酬的最大值会不断提高，而其相对于中等水平薪酬的增量的最小值会不断降低。

英文摘要：

After discussing the effect of overconfident CEO＇ s anticipation ability of project＇ s value on the psychology of in- vesting and characteristics of overconfident CEO＇ s compensation contracts which could incent CEO active for project. This paper finds that： when anticipation ability of project＇ s value is in the excess of a certain level, CEO will believe doing in- vestment can make the company obtain profit on the condition that the results of anticipation are equal to the expected value of project; as anticipation ability of project＇ s value and overconfidence＇ s level enhance, CEO＇ s high-level compensation contracts＇ maximum value will keep increasing, which could incent CEO active for project and minimum value of high-level ~0mpensation contracts＇ increment, which is relative to the middle-level compensation contracts, will continue to reduce.