With the rise in entrepreneurial activities, the study of a firm's fund generation strategy is widely discussed and researched. The requirement of funds for different ventures are different and depends on the life stage of the venture, which it is in. Firm generally face difficulty in raising...

Many papers have reported behavioral biases in belief formation that come on top of standard game-theoretic reasoning. We show that the processes involved depend on the way participants reason about their beliefs. When they think about what everybody else or another "unspeci fied" individual is...