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An Investigation Of Hindsight Bias In Nascent Venture Activity, Gavin Cassar, Justin Craig
An Investigation Of Hindsight Bias In Nascent Venture Activity, Gavin Cassar, Justin Craig
Justin B. Craig
We posit that individuals who are actively engaged in activities to develop their own venture will exhibit hindsight bias when recalling their startup experiences. We observe that those who fail to develop their startup activity into an operating business demonstrate substantial hindsight bias concerning the probability of venture formation. In particular, the recalled probability of success, reported after their decision to quit, is lower than the probability of success solicited during the nascent process. We argue that the systematic distortion of the past has important implications for individuals involved in the venturing process. Specifically, we suggest that these individuals are …
Book Review 19 The Third Chapter By Sara Lawrence Lightfoot, William C. Mcpeck
Book Review 19 The Third Chapter By Sara Lawrence Lightfoot, William C. Mcpeck
William C. McPeck
This is my personal review of the book The Third Chapter by Sara Lawrence Lighfoot which was published in 2009 by Farrar, Strauss and Giroux.