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Cognitive biases lead entrepreneurs to overinvest in their own companies, over exposing themselves to idiosyncratic risk. Our novel theoretical model explains entrepreneurial under-diversification by measuring the amount of potential bias in entrepreneurs' portfolio allocations brought about by...
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subjective attitude function. There is extensive literature dealing with the formation of intention toward entrepreneurship in … also detect clear endogenous effects from the neighbourhood and the overall cultural context. Moreover, entrepreneurship is …
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