Showing 1 - 10 of 134
Talent allocation models assume that entrepreneurial talent is selfish and thus allocates into unproductive or even destructive activities if these offer the highest private returns. This paper experimentally analyzes other-regarding preferences of entrepreneurial talent. We find that making a...
Persistent link: https://www.econbiz.de/10003887185
We investigate the relationship between cultural creativity and entrepreneurship in two respects: first, cultural and … personal creativity as a characteristic of self-employed individuals; second, selfemployment in professions that can be … cultural creativity that deserve further investigation. -- Entrepreneurship ; new business formation ; cultural creativity …
Persistent link: https://www.econbiz.de/10003931342
It has widely been recognized that creativity plays an immense role not only for arts, sciences, and technology, but … reveals only some few differences. -- entrepreneurship ; new business formation ; creativity ; creative class …
Persistent link: https://www.econbiz.de/10009686470
We investigate the geographic concentration of patenting in large cities using a sample of 14 developed countries. There is wide dispersion of the share of patented inventions in large metropolitan areas. South Korea and the US are two extreme outliers where patenting is highly concentrated in...
Persistent link: https://www.econbiz.de/10012167182
Persistent link: https://www.econbiz.de/10003546355
In this paper, we use survey data to analyze the accuracy, unbiasedness, and the efficiency of professional macroeconomic forecasts. We analyze a large panel of individual forecasts that has not been analyzed in the literature so far. We provide evidence on the properties of forecasts for all G7...
Persistent link: https://www.econbiz.de/10003906039
finance, it is usually modeled as a direct consequence of misperceiving signal reliability. This bias is typically dubbed … on the well-established "miscalibration" bias. We find no gender differences in overconfidence for our measures except … bias …
Persistent link: https://www.econbiz.de/10008669956
incomplete preferences? Using simulated data, we show how such miss-specification results in unnecessary noise and bias in … welfare estimates, and can be avoided. -- Choice experiment ; Ordered Logit ; Bias ; Preference Axioms …
Persistent link: https://www.econbiz.de/10003931382
Hypothetical bias is one of the main issues bedeviling the field of nonmarket valuation. The general criticism is that … is no longer any difference between the groups. -- Oath script ; hypothetical bias ; willingness to pay …
Persistent link: https://www.econbiz.de/10008746961
According to the accountability principle a person's fair allocation takes into account the input-relevant variables she can influence, like effort, but not the variables she cannot influence, like a randomly assigned exogenous factor. This study is based on a real effort-task experiment, where...
Persistent link: https://www.econbiz.de/10008824133