Review paper
Risk-taking in entrepreneurial decision-making: A dynamic model of venture decision
Abstract
On the basis of the seminal work of Kahneman and Tversky Econometrica, 47(2): 263–292 (1979), this research extends the boundaries of prospect theory in investigating determinants and temporal variation of risk-taking in entrepreneurial decisions, such as creating a new business organization or investing a risky business project. The two experimental studies (1) identify entrepreneurial risk-taking in the gain situation and find reversal of risk...
Paper Details
Title
Risk-taking in entrepreneurial decision-making: A dynamic model of venture decision
Published Date
Jun 6, 2019
Volume
37
Issue
3
Pages
899 - 933
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