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Entrepreneurs Under Uncertainty: An Economic Experiment in China

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Author

Summary, in English

This study reports findings from the first large-scale experiment investigating whether entrepreneurs differ 1 from other people in their willingness to expose themselves to various forms of uncertainty. A stratified random sample of 700 chief executive officers from the Yangzi delta region in China is compared to 200 control group members. Our findings suggest that in economic decisions, entrepreneurs are more willing to accept strategic uncertainty related to multilateral competition and trust. However, entrepreneurs do not differ from ordinary people when it comes to nonstrategic forms of uncertainty, such as risk and ambiguity.

Publishing year

2013

Language

English

Pages

1671-1687

Publication/Series

Management Science

Volume

59

Issue

7

Document type

Journal article

Publisher

Informs

Topic

  • Economics

Keywords

  • economics
  • behavior and behavioral decision making
  • decision analysis
  • risk
  • microeconomic behavior

Status

Published

ISBN/ISSN/Other

  • ISSN: 0025-1909