How uncertainty levels and types matter, to likely entrepreneurs and others

Richard J. Arend

Journal of Business Venturing Insights, 2022, vol. 18, issue C

Abstract: •Greater levels of unknowability affected decision-maker behaviors under uncertainty.•Different unknown items in a decision did not affect the response approaches chosen.•Moving from risk to ambiguity to uncertainty required increased premia to take on.•Discomfort with uncertainty types decreased with exposure to them.•Likely entrepreneurs were more sensitive to yet more calculative with uncertainty.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jobuve:v:18:y:2022:i:c:s2352673422000257

DOI: 10.1016/j.jbvi.2022.e00327

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