have their decision partially driven by their risk propensity. Implications of our findings for entrepreneurs and … institutions dealing with entrepreneurs are discussed. -- Decision Making ; Intuitive Optimizing ; Micro Economics Model ; Time … Allocation Strategy ; Entrepreneurship ; Questionnaire Experiment …

The latent entrepreneur's consumption-leisurepreference structure is studied utilizing Evans and Jovanovic's (1989 …) modelfor entrepreneurial activity under liquidity constraints. The theoretical modeldeveloped allows entrepreneurs to choose … optimalcapital decreases, as assets increase. For an entrepreneur, a wage worker, anda rentier (with income from investments), the …