Abstract
We present an experiment investigating ambiguity attitudes of entrepreneurs and nonentrepreneurs evaluating entrepreneurial projects. The results, consistent with prospect theory, show that entrepreneurs are ambiguity averse, but exhibit systematically more optimism than non-entrepreneurs, who are ambiguity neutral. Ambiguity aversion decreases with entrepreneurial experience and serial entrepreneurs are more optimistic than novice entrepreneurs.
Original language | English (US) |
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Pages | 1372-1377 |
Number of pages | 6 |
DOIs | |
State | Published - 2015 |
Event | 75th Annual Meeting of the Academy of Management, AOM 2015 - Vancouver, Canada Duration: Aug 7 2015 → Aug 11 2015 |
Conference
Conference | 75th Annual Meeting of the Academy of Management, AOM 2015 |
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Country/Territory | Canada |
City | Vancouver |
Period | 8/7/15 → 8/11/15 |
ASJC Scopus subject areas
- Management Information Systems
- Management of Technology and Innovation
- Industrial relations