Entrepreneurs Under Uncertainty: An Economic Experiment in China
(2013) In Management Science 59(7). p.1671-1687- Abstract
- 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.
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/3975989
- author
- Holm, Jerker LU ; Opper, Sonja LU and Nee, Victor
- organization
- publishing date
- 2013
- type
- Contribution to journal
- publication status
- published
- subject
- keywords
- economics, behavior and behavioral decision making, decision analysis, risk, microeconomic behavior
- in
- Management Science
- volume
- 59
- issue
- 7
- pages
- 1671 - 1687
- publisher
- Informs
- external identifiers
-
- wos:000321603000012
- scopus:84880365538
- ISSN
- 0025-1909
- DOI
- 10.1287/mnsc.1120.1670
- language
- English
- LU publication?
- yes
- id
- 58dc54d3-db6f-40e7-9a07-de2831964676 (old id 3975989)
- alternative location
- http://pubsonline.informs.org/doi/abs/10.1287/mnsc.1120.1670
- date added to LUP
- 2016-04-01 10:14:11
- date last changed
- 2022-04-27 19:54:49
@article{58dc54d3-db6f-40e7-9a07-de2831964676, abstract = {{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.}}, author = {{Holm, Jerker and Opper, Sonja and Nee, Victor}}, issn = {{0025-1909}}, keywords = {{economics; behavior and behavioral decision making; decision analysis; risk; microeconomic behavior}}, language = {{eng}}, number = {{7}}, pages = {{1671--1687}}, publisher = {{Informs}}, series = {{Management Science}}, title = {{Entrepreneurs Under Uncertainty: An Economic Experiment in China}}, url = {{https://lup.lub.lu.se/search/files/1679482/4732485.pdf}}, doi = {{10.1287/mnsc.1120.1670}}, volume = {{59}}, year = {{2013}}, }