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

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

Rights statement

• Permission granted by the author to include this thesis or dissertation in this repository. All rights reserved by the author. Please contact the author for information regarding the reproduction and use of this thesis or dissertation.

School	Emory College
Department	Economics and Mathematics
Degree	BA
Submission	Honors Thesis
Language	English
Research Field	Economics, Labor Economics, General
Mot-clé	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

Dernière modification

Primary PDF

Thumbnail	Title	Date Uploaded	Actions
	Economic Behavior in Entrepreneurs: An Experimental Approach to Risk Attitudes and Overconfidence ()	2018-08-28 14:56:38 -0400	Press to Select an action Download

Supplemental Files

Thumbnail	Title	Date Uploaded	Actions