Decision-making biases: novice and habitual women entrepreneurs

Purpose This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies. Design/methodology/approach This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context. Findings Habitual entrepreneurs are prone to all three types of overconfidence (overestimation, overplacement and overprecision) and to overoptimism. Novice entrepreneurs are prone to one type of overconfidence (overestimation) and to overoptimism. Originality/value The briefing saves busy executives, strategists and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.