Acknowledgement

We acknowledge anonymous reviewer comments from Advances in Accounting Behavioral Research. We further acknowledge suggestions from the participants, reviewers, and discussants in the following conferences: American Accounting Association Annual Meeting 2016, Managerial and Organizational Cognition Section of Academy of Management Annual Meeting 2016, and SASE Research Network Annual Meeting 2016. At various stages of the paper, we benefited from theoretical and empirical suggestions from Ayan Bhattacharya, Cargri Onuk, Diane Burton, Murillo Campello, Robert Bloomfield, and seminar participants at the University of Houston–Clear Lake, Cornell Institute for the Social Sciences, and Johnson Graduate School of Management.