We present first evidence how individual risk preferences shape entrepreneurial investment among the very wealthy using … standard measure of risk tolerance. We find that wealthy individuals are more likely to be entrepreneurs and invest a larger … ways strongly determined by individual risk tolerance. Since the wealthy dominate aggregate risky investment, their risk …

entrepreneurship is linked to personality traits with new evidence on the link between risk and time preference and self employment …Objectives: This study seeks to estimate whether individuals' risk and time preferences are predictive of self … employment status and entry. Prior Work: The low risk aversion of those who are self employed is well established in theory and …