 Estimating the wealth-creating potential of a venture idea. Chapter 3 in The Entrepreneurial Solution to Poverty and the Science of What is Possible, 2022, pp 36-58 from Edward Elgar Publishing Abstract: The opportunities that aspiring entrepreneurs could discover are all not of equal value and several scholars have argued that their value cannot be known ex ante. Unless aspiring entrepreneurs can quantify their expected return from a venture, it is impossible for them to adjust it for risk. Yet entrepreneurs live in the present and must commit to discovering and exploiting a venture idea with incomplete information, which makes their choice more laden with risk. Otherwise, failing to choose, they would never accomplish anything. It is not by choice that they act with incomplete information. Rather, it is their only option if they want to play the game. In this research, I explore an approach for estimating the value of future wealth creation by examining venture ideas expressed as a business plan). Estimating the future value of an opportunity is essential for conducting controlled experiments to know whether informational economics has anything to offer to the poor. Keywords: Business and Management; Development Studies; Economics and Finance; Politics and Public Policy Sustainable Development Goals (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:21624_3 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Chapters from Edward Elgar Publishing |
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