Knut Wicksell Working Paper Series,
Lund University, Knut Wicksell Centre for Financial Studies

Abstract: This study reports findings from the first large scale experiment investigating whether entrepreneurs differ from other people in their willingness to expose themselves to various forms of uncertainty in decision on tasks. A stratified random sample of 700 CEOs 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 non-strategic forms of uncertainty, such as risk and ambiguity

Keywords: Entrepreneurship; Risk; Ambiguity; Willingness to Compete; Trust

JEL-codes: C93; D21; L21

27 pages, January 23, 2013

Download statistics

Published as

Håkan J. Holm, Sonja Opper and Victor Nee, (2013), 'Entrepeneurs under Uncertainty: an Economic Experiment in China', Management Science, vol 59, no 7, pages 1671-1687

• Lund University, Knut Wicksell Centre for Financial Studies
• Home page for this series

Questions (including download problems) about the papers in this series should be directed to Jens Forssbaeck ()
Report other problems with accessing this service to Sune Karlsson ().

RePEc:hhs:luwick:2013_001This page generated on 2024-09-13 22:16:11.