Economic Behavior in Entrepreneurs: An Experimental Approach to Risk Attitudes and Overconfidence Público

Abstract

Abstract
Economic Behavior in Entrepreneurs: An Experimental Approach to Risk Attitudes and Overconfidence
By Daniel J. Lee

Entrepreneurial activity is relevant to multiple branches of economics. Given the current disputes about entrepreneurial behavior, we attempt to profile the entrepreneur, and determine a more appropriate form for modeling choice under risk. In doing so the Emory Research Group conducted an experiment and calculated parameters regarding attitudes towards risk and self-reported psychological makeup. Preliminary results suggest that entrepreneurs are overconfident and risk seeking, and that Prospect Theory is an appropriate model for determining these preferences.

Table of Contents

Table of Contents
Abstract...1
Introduction...1
Theoretical Framework...4
Risk...7
Procedure and Experimental Methods...10
Results...16
Conclusion...20
References...22

Appendix...24

About this Honors Thesis

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School	Emory College
Department	Economics and Mathematics
Degree	BA
Submission	Honors Thesis
Language	English
Research Field	Economics, Labor Economics, General
Palabra Clave	Behavioral Economics Experimental Entrepreneurs
Committee Chair / Thesis Advisor	Capra, C Monica, Emory University
Committee Members	Mialon, Hugo M, Emory University Roth Jr., Robert, Emory University Bliwise, Nancy, Emory University

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