The Entrepreneur's Cognitive and Behavioral Journey: Understanding Heuristics and Bias under Risk and Uncertainty

Veronica Cucchiarini, Sergio Scicchitano () and Riccardo Viale

No 1390, GLO Discussion Paper Series from Global Labor Organization (GLO)

Abstract: The study of the entrepreneurial mindset has provided valuable insights into the cognitive strategies that impact entrepreneurial activities. Researchers have identified several biases and heuristics employed by entrepreneurs, which significantly influence their decision-making processes and actions, but the empirical evidence remains fragmented. To develop a more comprehensive understanding of the cognitive and behavioral mindset of entrepreneurs, it is important to consider the role of the context in which they operate. By analyzing the strengths and weaknesses of heuristics and biases within the context of risk or uncertainty, we can gain a deeper understanding of their influence on entrepreneurial outcomes.

Keywords: Entrepreneurship; biases; heuristics; risk; uncertainty; labour policies (search for similar items in EconPapers)
Date: 2024
New Economics Papers: this item is included in nep-ent, nep-neu and nep-sbm
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:glodps:1390

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