Cognitive biases, risk perception, and venture formation
Abstract
Despite the high risk involved, thousands of individuals decide to start ventures. Past research, however, has found that entrepreneurs do not have a high-risk propensity, that is, a great willingness to knowingly take risks. This study, therefore, explores how individuals cope with the risks inherent in their decisions, and suggests that entrepreneurs may not perceive the riskiness of starting ventures. The study's findings suggest that risk...
Paper Details
Title
Cognitive biases, risk perception, and venture formation
Published Date
Mar 1, 2000
Volume
15
Issue
2
Pages
113 - 134
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