Entrepreneurs Under Uncertainty: An Economic Experiment in China

• 成果类型: Article
• 署名作者: Holm, Hakan J.; Opper, Sonja; Nee, Victor
• 署名单位: Lund University; Cornell University
• 刊物名称: MANAGEMENT SCIENCE
• ISSN/ISSBN: 0025-1909
• DOI: 10.1287/mnsc.1120.1670
• 发表日期: 2013
• 页码: 1671-1687
• 关键词: economics; behavior and behavioral decision making; decision analysis risk; microeconomic behavior

摘要

This study reports findings from the first large-scale experiment investigating whether entrepreneurs differ 1 from other people in their willingness to expose themselves to various forms of uncertainty. A stratified random sample of 700 chief executive officers 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 nonstrategic forms of uncertainty, such as risk and ambiguity.