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A Measure Of Entrepreneurial Risk Preference And Optimism Using Field Experiments, Mark Schneider
A Measure Of Entrepreneurial Risk Preference And Optimism Using Field Experiments, Mark Schneider
Electronic Theses and Dissertations
Previous studies have underscored the economic importance of the role of the entrepreneur, and empirical studies testing the nature of the entrepreneur are notably lacking. This study directly addresses this issue by examining newly gathered field data which captures the decision making and risk behaviors for a group of high-technology entrepreneurs. Two decision making tasks were used to elicit risk aversion measures and to test for any 'joy of winning' or judgmental errors, possibly in the form of over optimistic behavior. These elicitations were made with the use of multiple price formats and winner's curse experiments. 62 responses were collected …