Entrepeneurs under Uncertainty: an Economic Experiment in China

Hakan Holm, Sonja Opper and Victor Nee
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Sonja Opper: http://www.nek.lu.se/NEKSOP/Default.htm

No 2013/1, Knut Wicksell Working Paper Series from Lund University, Knut Wicksell Centre for Financial Studies

Abstract: This study reports findings from the first large scale experiment investigating whether entrepreneurs differ from other people in their willingness to expose themselves to various forms of uncertainty in decision on tasks. A stratified random sample of 700 CEOs from the Yangzi delta region in China is compared to 200 control group members. Our findings suggest that in economic decisions, entrepreneurs are more willing to accept strategic uncertainty related to multilateral competition and trust. However, entrepreneurs do not differ from ordinary people when it comes to non-strategic forms of uncertainty, such as risk and ambiguity

Keywords: Entrepreneurship; Risk; Ambiguity; Willingness to Compete; Trust (search for similar items in EconPapers)
JEL-codes: C93 D21 L21 (search for similar items in EconPapers)
Pages: 27 pages
Date: 2013-01-23
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (72)

Published as Holm, Håkan J., Sonja Opper and Victor Nee, 'Entrepeneurs under Uncertainty: an Economic Experiment in China' in Management Science , 2013, pages 1671-1687.

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