Over the Top? Learning to Overcome Overconfidence
Type
conference paper
Date Issued
2025-06-23
Author(s)
Abstract
For entrepreneurs, overconfidence drives successful beginnings, but can also lead to disastrous ends, as it encourages venture creation decisions while potentially leading to venture failure. The omnipresence of overconfidence among entrepreneurs is hinged to the high degrees of uncertainty in the entrepreneurial environment, making it an important phenomenon of entrepreneurial cognition. Despite ample research about the consequences of overconfidence, it is unclear how entrepreneurs can avoid the overconfidence trap. Self-regulated entrepreneurial learning (SREL) has emerged as a framework to cope with uncertain environments and overconfidence, but empirical evidence is scarce. This cross-sectional survey study finds that higher SREL levels are related with lower overconfidence, a relationship that is moderated by experience.
Language
English
Event Title
Euram 2025 - Managing with Purpose
Event Location
Florence, Italy
Event Date
22.6.-25.6.2025
Contact Email Address
Julian.Kolbe@unisg.ch