Characterizing the femaleentrepreneur:Comparing behavior in amarket entry experiment withother groups of individuals

We investigate the strategic decision behavior of female entrepreneurs in a realistic marketentry experiment where individuals started with gains or losses experienced prior to the game.We compare the entry behavior of female entrepreneurs to the entry behavior of maleentrepreneurs and to the entry behavior of female and male students. We find that femaleentrepreneurs show entry patterns very similar to that of male entrepreneurs and very differentfrom female students: female entrepreneurs on average over enter markets and do not react totheir opponents’ prior experiences much. The same accounts for male entrepreneurs.Furthermore, we find that entrepreneurs in general exhibit significantly higher mean entryprobabilities than students, whereby students mean entry rate is close to the mixed strategyequilibrium....