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Entrepreneurs and intertemporal decision making

Fitzsimmons, Jason R. & Davidsson, Per (2006) Entrepreneurs and intertemporal decision making. In BCERC Conference, June, Bloomington, Indiana, U.S.A. (Unpublished)

Abstract

This paper investigates the decision making behaviour of individuals with respect to attributes considered relevant to the assessment of potential venture opportunities. Using a decision making experiment, we were able to consider the behaviour of individuals taking into account their risk and time preferences. We find that while the respondent as a whole placed most weight on the potential payoffs when considering the value of a venture opportunity, we find significant individual differences in preference weightings across the attributes used in the study. By using a series of hypothetical venture vignettes, we also find some evidence that these differences in preference weightings may be useful in predicting choice behaviour in a more realistic entrepreneurial environment.

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441 since deposited on 13 Mar 2007
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ID Code: 6489
Item Type: Conference Paper
Keywords: Jason Fitzsimmons, Per Davidsson, entrepreneurship, intertemporal decision making, venture opportunities
Subjects: Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BUSINESS AND MANAGEMENT (150300) > Organisational Planning and Management (150312)
Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BUSINESS AND MANAGEMENT (150300)
Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BUSINESS AND MANAGEMENT (150300) > Small Business Management (150314)
Divisions: Current > Research Centres > Australian Centre for Entrepreneurship
Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Management
Copyright Owner: Copyright 2006 (The authors)
Deposited On: 13 Mar 2007
Last Modified: 29 Feb 2012 23:28

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