Two Tales of Uncertainty: Calibrating Overprecision With Self‐Regulated Entrepreneurial Learning

Journal
Strategic Change
ISSN
1086-1718
Type
journal article
Date Issued
2025-08
Author(s)
;
;
DOI
Abstract
Entrepreneurial success strongly depends on decision-making under uncertainty. Uncertainty is particularly pronounced whenentrepreneurs are confronted with novel situations characterized by an absence of information. While cognitive biases, such asoverprecision, can have a negative impact on decision-making processes by distorting information-processing, self-regulatedentrepreneurial learning (SREL) has been found to be beneficial when navigating the uncertain entrepreneurial environment,but its potential to calibrate overprecision remains unclear. This study addresses this gap by investigating whether an SREL in-tervention can calibrate overprecision, a highly detrimental form of overconfidence in entrepreneurship
Language
English
Refereed
yes
Publisher
Wiley
Official URL
URL
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