Successful Anomalies

James O. Fiet ()
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James O. Fiet: University of Louisville

Chapter Chapter 1 in Informational Entrepreneurship in a World with Limited Insight, 2023, pp 1-23 from Springer

Abstract: Abstract These common approaches to develop a new business were primarily developed inductively, by watching what entrepreneurs do. Unfortunately, markets work the same way by watching what entrepreneurs do and then by very quickly adjusting their pricing—in fact, so quickly that entrepreneurs are often only able to earn average rates of return.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-16532-0_1

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DOI: 10.1007/978-3-031-16532-0_1

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