Entrepreneurship scholars are interested in understanding and describing how entrepreneurs make decisions under … accept Expected Utility Theory (EUT), developed by Savage (1951) and von Neumann and Morgenstern (1953), as a relevant model … for entrepreneurial decision-making. We examine a range of decision theories, ranking them in an order starting from EUT …

affects the behavior of committee members and the decision-making accuracy. Our theoretical analysis generates two major …

anchoring phenomenon in financial decision-making. We find that contestants anchor heavily on the initial dollar value of a clue … in their wagering decision, even though there exists no rational reason to do so. More than half of all wagers occur … manifests itself among college students. Overall, our findings suggest anchoring plays a substantial role in financial decision …

When making judgments, individuals often utilize heuristics to interpret information. We report on a series of … experiments designed to test the ways in which incentive mechanisms influence the use of a particular heuristic in decision …

cities. We dwell into concepts of bounded rationality to describe the cognitive biases and heuristics affecting decision … literature to urban theory, we can better understand how individuals make their decisions about moving to and living in cities …

economics and public policy. We conducted a laboratory experiment to investigate the effects of stress on financial decision …

Theory predicts that entrepreneurs have distinct attitudes towards risk and uncertainty, but empirical evidence is …

: the entrepreneurship rate and the fraction of small firms fall with per capita income across countries, while average firm … newly introduces the last three to the literature. It then proposes a simple theory of skill-biased change in …'s potential payoffs in working and in entrepreneurship. If some firms consistently benefit more from technological progress than …

Promoting entrepreneurship has become an increasingly important part of the policy agenda in many countries. The … success of such policies, however, rests in part on the assumption that entrepreneurship outcomes are not fully determined at … background and neighborhood effects as determinants of entrepreneurship, by estimating sibling correlations in entrepreneurship …

methodology that combines institutions and human agency into an interdependent system, applying the configuration theory. We argue …