Showing 1 - 10 of 69
entrepreneurship literature is that opportunities are exogenous, the most prevalent theory of innovation in the economics literature … opportunity by developing a knowledge spillover theory of entrepreneurship. The basic argument is that knowledge created …Contemporary theories of entrepreneurship generally focus on the decision-making context of the individual. The …
Persistent link: https://www.econbiz.de/10003136388
Persistent link: https://www.econbiz.de/10003606342
Persistent link: https://www.econbiz.de/10003010726
Persistent link: https://www.econbiz.de/10001694449
Persistent link: https://www.econbiz.de/10002434006
Persistent link: https://www.econbiz.de/10001315655
Persistent link: https://www.econbiz.de/10001316176
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
consumer is willing to pay to buy a risky asset. We relate this measure to a set of consumers’ decisions that in theory should … consistent with theory. We also use this indicator to address the importance of self-selection when relating indicators of risk …
Persistent link: https://www.econbiz.de/10005123824