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This paper studies the influence of information on entry choices in a competition with a controlled laboratory experiment. We investigate whether information provision attracts mainly high productivity individuals and reduces competition failure, where competition failure occurs when a subject...
Persistent link: https://www.econbiz.de/10011279246
Theory predicts that entrepreneurs have distinct attitudes towards risk and uncertainty, but empirical evidence is … perform a large 'lab-in-the-field' experiment comparing entrepreneurs to managers – a suitable comparison group – and … employees (n = 2288). The results indicate that entrepreneurs perceive themselves as less risk averse than managers and …
Persistent link: https://www.econbiz.de/10010959844