This article investigates whether decision makers intuitively optimize close to the normative prediction in entrepreneurial decision situations where their time must be allocated between a wage job and a newly formed venture. We offer an analytical model based on maximizing expected utility, and...

Decision making in an entrepreneurial context is explored using theoretical and experimental analysis. How individuals use their leisure and work time and how they distribute their work time between their regular wage job and a new venture is also investigated. Data were acquired from two...

“Hybrid entrepreneurs” ― those who maintain a wage job while starting a new enterprise ― outnumber pure entrepreneurs in many countries. Yet, how hybrid entrepreneurs allocate their working hours between these two activities is not well understood. To better understand the relationship...