Cognitive Opening and Closing: Toward an Exploration of the Mental World of Entrepreneurship

Thierry Aimar

A chapter in Hayek in Mind: Hayek's Philosophical Psychology, 2011, pp 241-257 from Emerald Group Publishing Limited

Abstract: Purpose – To define the links between cognition and entrepreneurial behavior by highlighting the problem of complexity in the difficult trade-off between discovery of new opportunities and exploitation of current opportunities. Methodology/approach – To interrelate Austrian tools (Hayek, Kirzner, Lachmann) with lessons from experimental economics. Research limitations and implications – This contribution enters the world of entrepreneurship to show where the mental rigidities opposing discoveries lie. Originality/value of paper – To use experimental economics to widen our understanding of entrepreneurship and invite the Austrian scholars to imagine other protocols that might deepen the analysis.

Keywords: Entrepreneurship; Kirzner; Hayek; Lachmann; neuroeconomics (search for similar items in EconPapers)
Date: 2011
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.emerald.com/insight/content/doi/10.110 ... d&utm_campaign=repec (text/html)
https://www.emerald.com/insight/content/doi/10.110 ... 2134(2011)0000015017
https://www.emerald.com/insight/content/doi/10.110 ... d&utm_campaign=repec (application/pdf)
Access to full text is restricted to subscribers

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eme:aaeczz:s1529-2134(2011)0000015017

DOI: 10.1108/S1529-2134(2011)0000015017

Access Statistics for this chapter

More chapters in Advances in Austrian Economics from Emerald Group Publishing Limited
Bibliographic data for series maintained by Emerald Support ().