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rather than a binary employment-entrepreneurship decision and explores how cognitive determinants influence these choices. I … on a self-employment definition of entrepreneurship or on uni-dimensional drivers has obscured these more complex choices …
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A framework which allows for the joint testing of the adaptive and rational expectations hypotheses is presented. We assume joint normality of expectations, realizations and variables in the information set, allowing for parsimonious interpretation of the data; conditional first moments are...
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