Advanced

Entrepreneurs Under Uncertainty: An Economic Experiment in China

Holm, Jerker LU ; Opper, Sonja LU and Nee, Victor (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:
author
organization
publishing date
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
2013-08-23 10:57:24
date last changed
2018-12-02 03:08:25
@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},
  keyword      = {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          = {http://dx.doi.org/10.1287/mnsc.1120.1670},
  volume       = {59},
  year         = {2013},
}