Does entrepreneurial experience affect risk and ambiguity attitudes? An experimental study

Anisa Shyti, Corina Paraschiv

Research output: Contribution to conferencePaper

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 languageEnglish (US)
Pages1372-1377
Number of pages6
DOIs
StatePublished - 2015
Event75th Annual Meeting of the Academy of Management, AOM 2015 - Vancouver, Canada
Duration: Aug 7 2015Aug 11 2015

Conference

Conference75th Annual Meeting of the Academy of Management, AOM 2015
CountryCanada
CityVancouver
Period8/7/158/11/15

ASJC Scopus subject areas

  • Management Information Systems
  • Management of Technology and Innovation
  • Industrial relations

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  • Cite this

    Shyti, A., & Paraschiv, C. (2015). Does entrepreneurial experience affect risk and ambiguity attitudes? An experimental study. 1372-1377. Paper presented at 75th Annual Meeting of the Academy of Management, AOM 2015, Vancouver, Canada. https://doi.org/10.5465/AMBPP.2015.79