Intuitive optimizing: experimental findings on time allocation decisions with newly formed ventures |
| |
| Institution: | 1. University of Florence, Florence, Italy;2. University of Lugano - USI, Lugano, Switzerland;3. BI Norwegian Business School, Oslo, Norway;4. University of Perugia, Perugia, Italy;1. Department of Management & Entrepreneurship, Kelley School of Business, Indiana University, 1275 E 10th St. Bloomington, Indiana 47405, USA;2. Department of Marketing, Entrepreneurship, & Innovation, UMASS – Lowell, Robert J. Manning School of Business, One University Ave., Lowell 01854, MA, USA;3. Department of Management & Entrepreneurship, Sawyer Business School, Suffolk University, 73 Tremont St., Boston 02108, MA, USA;4. Department of Psychology, Ohio University, 1 Ohio University, Athens 45701, OH, USA;1. Hanken School of Economics, Finland;2. University of Notre Dame, USA;3. St Gallen University, Switzerland |
| |
| Abstract: | This paper offers a theoretical and an experimental analysis of decision making in an entrepreneurial context. We investigate how individuals distribute their time between leisure and working activities, and how they divide their working time between their newly formed venture and a wage job. Two questionnaire experiments with business and economics students are utilized to test benchmark predictions from an economic model, which we complement with predictions based on behavioral decision theory. Differences between economic predictions and behaviors are found to be dependent on whether the venture dominates the wage job, the wage job dominates the venture, or none dominates the other. Implications for entrepreneurial behavior are derived for these three scenarios. |
| |
| Keywords: | |
| 本文献已被 ScienceDirect 等数据库收录！ |
|
