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Prior research suggests that those who rely on intuition rather than effortful reasoning when making decisions are less averse to risk and ambiguity. The evidence is largely correlational, however, leaving open the question of the direction of causality. In this paper, we present experimental...
Persistent link: https://www.econbiz.de/10010958753
We use household survey data to construct a direct measure of absolute risk aversion based on the maximum price a consumer is willing to pay to buy a risky security. We relate this measure to consumers' endowment and attributes and to measures of background risk and liquidity constraints. We...
Persistent link: https://www.econbiz.de/10004970351
Prior research suggests that those who rely on intuition rather than effortful reasoning when making decisions are less averse to risk and ambiguity. The evidence is largely correlational, however, leaving open the question of the direction of causality. In this paper, we present experimental...
Persistent link: https://www.econbiz.de/10010801000
The term “entrepreneurship” apparently means different things to different people including scholars and thought … leaders. Because entrepreneurship is multifaceted, it is studied from many different perspectives, yet, that has fostered a … disparities and even contradictions about what is and is not entrepreneurship. Some have suggested a narrower and more defined …
Persistent link: https://www.econbiz.de/10011273196
unemployment in Japan. The question is to what extent business ownership, i.e., entrepreneurship, can reduce the level of …
Persistent link: https://www.econbiz.de/10011255983
This paper examines the relationship between entrepreneurship (as measured by fluctuations in the business ownership … been influenced by specific exogenous shocks, the effects of entrepreneurship on unemployment are not different when …
Persistent link: https://www.econbiz.de/10005144558
Partnerships between universities and industrial firms can play a key role in enhancing competitiveness because they provide a conduit for the spillover of knowledge from the academic organization where knowledge is created to the firm where it is transformed into innovative activity. We set...
Persistent link: https://www.econbiz.de/10009393856
Economic development practitioners and scholars recognize the link between universities and regional economic development. It is predicated on the spillover of knowledge from universities to commercialization. The literature has focused on the supply side, which involves university research and...
Persistent link: https://www.econbiz.de/10009650262
thinking about the economy in general and the role of entrepreneurship and innovation in particular, not only shape how … innovation and entrepreneurial activity are valued, but also the overall policy debate concerning innovation and entrepreneurship …
Persistent link: https://www.econbiz.de/10009366248
This paper focuses on valuation issues and methods that are related to a closely-held entrepreneurial enterprise. This focus is motivated by the fact that the number of small closely held business start-ups, which we refer to broadly by the term entrepreneurial enterprises, continues to grow...
Persistent link: https://www.econbiz.de/10009366249