And a Vision Appeared unto them of a Great Profit: Evidence of Self-Deception among the Self-Employed

Reza (Gholamreza) Arabsheibani (), David de Meza, John Maloney and Bernard Pearson
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Bernard Pearson: Department of Economics, Royal Holloway, University of London

No 99/9, Royal Holloway, University of London: Discussion Papers in Economics from Department of Economics, Royal Holloway University of London

Abstract: Evidence is presented that the self employed expect better financial outcomes than do employees but experience worse realisations. This is consistent with theories that entrepreneurship is driven by unrealistic optimism.

Keywords: Entrepreneurship; unrealistic optimism (search for similar items in EconPapers)
JEL-codes: D21 D82 D84 M13 (search for similar items in EconPapers)
Pages: pages
Date: 2000-02, Revised 2000-02
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