haku: @author Khalil, E. L. / yhteensä: 3
viite: 2 / 3
| Tekijä: | Khalil, E. L. |
| Otsikko: | Buridan's ass, risk uncertainty, and self-competition: A theory of entrepreneurship |
| Lehti: | Kyklos
1997 : VOL. 50:2, p. 147-163 |
| Asiasana: | ENTREPRENEURSHIP FIRM (THEORY OF) |
| Kieli: | eng |
| Tiivistelmä: | The paper defines entrepreneurship as about 'self-competition', the quest to test self-ability: Can a future self achieve greater goals than what has been so far achieved? Self-competition involves the development of ability and, hence, ex post assessment of ability is uncertain. Such uncertainty occasions either immobilizing anxiety (Buridan's ass) or entrepreneurial action. No such uncertainty surrounds the assessment of risk probability characterizing events such as floods and stock market crashes. An observable prediction of the proposed uncertainty/risk dichotomy is that insurance, which concerns risk, cannot crowd out religion and other belief systems which appeal to uncertainty. |
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