Experimental Entrepreneurship in Entrepreneurial Decision-Making
Type
fundamental research project
Start Date
February 1, 2011
End Date
April 30, 2012
Status
completed
Keywords
Experimental Entrepreneurship
Decision Making
Uncertainty
Description
The Competence Center Experimental Entrepreneurship has received a grant by the Grundlagenforschungsfonds to fund innovate research experiments in entrepreneurial decision-making.
The experiments will be carried out with the objective to examine the decision making of entrepreneurs. Therefore, our research will focus on the question: Which factors influence the decision making of entrepreneurs in unpredictable and uncertain situations?
Previous research has confirmed that emotions have a stronger influence on decision-making in these situations than in predictable and certain situations. The role of emotions in economic decision-making has gained strong recognition - especially in the fields of experimental economics and behavioural finance. So far, only few studies have focused on this aspect in entrepreneurship research. To close this gap, our experiments will examine the impact of emotions on the recognition and exploitation of entrepreneurial opportunities. The results of these experiments will support entrepreneurs in recognizing and exploiting business opportunities.
The experiments will be carried out with the objective to examine the decision making of entrepreneurs. Therefore, our research will focus on the question: Which factors influence the decision making of entrepreneurs in unpredictable and uncertain situations?
Previous research has confirmed that emotions have a stronger influence on decision-making in these situations than in predictable and certain situations. The role of emotions in economic decision-making has gained strong recognition - especially in the fields of experimental economics and behavioural finance. So far, only few studies have focused on this aspect in entrepreneurship research. To close this gap, our experiments will examine the impact of emotions on the recognition and exploitation of entrepreneurial opportunities. The results of these experiments will support entrepreneurs in recognizing and exploiting business opportunities.
Leader contributor(s)
Lauterbach, Rainer
Member contributor(s)
Funder
Topic(s)
Experimental Entrepreneurship
Decision Making
Uncertainty
Method(s)
Experience Sampling Method (ESM)
Online Survey
Questionnaire
Range
Institute/School
Range (De)
Institut/School
Division(s)
Eprints ID
72356
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Item type:Publication, Formation of Social Entrepreneurial Intentions - The Role of an Individual's General Social Appraisal(2012-09-27); ;