This paper argues that a large component of success in entrepreneurship and venture capital can be attributed to skill … further support for the role of skill in both entrepreneurship and venture capital …

puzzle: why do some of the greatest artists not produce famous paintings, and why do some relatively minor artists produce … experimental and conceptual painters. Experimental artists work incrementally, their innovations appear gradually, and they … generally do their best work late in their careers; conceptual artists innovate more suddenly, produce individual breakthrough …

auction records, we estimate the relationship between artists' ages and the value of their paintings for two successive … cohorts of modern American painters. We find that a substantial decline occurred over time in the age at which these artists …

The recent history of modern art provides clues as to how important artists can be identified before their work becomes … education in the training of leading artists has also increased during this period. A few schools have been particularly … identify important artists before they become widely recognized, and therefore before their early innovative work rises in …

followed sharply contrasting life cycles of creativity …

Recent research has shown that all the arts have had important practitioners of two different types -- conceptual … work later in their lives. This contradicts a persistent but mistaken belief that artistic creativity has been dominated by …

environment. The rise of a competitive market for advanced art in the late nineteenth century freed artists from the constraint of … conspicuous innovation increased, conceptual artists could respond to these incentives more quickly and decisively than their … important individual artists whose work appeared to have no unified style, and to the balkanization of advanced art, as the …

Psychologists have not considered wisdom and creativity to be closely associated. This reflects their failure to … recognize that creativity is not exclusively the result of bold discoveries by young conceptual innovators. Important advances … can equally be made by older, experimental innovators. Yet we have had no examination of why some experimental artists …

art world. A century ago, a great painter could influence nearly all advanced artists, but today it is virtually … became an inspiration for many other young conceptual artists …