Entrepreneurs must choose between alternative strategies for bringing their idea to market.
They face uncertainty regarding both the quality of their idea as well as the efficacy of each …

The economics and management literatures pay increasing attention to the technological,
competitive, and institutional environment for entrepreneurship. However, less is known …

Excess entry—or the high failure rate of market entry decisions—is often attributed to
overconfidence exhibited by entrepreneurs. Assuming that these decisions depend on …

We revisit the assertion that entrepreneurs are uniquely characterized in their ways of
thinking; specifically being relatively more prone to the overconfidence bias and the …

Forming entrepreneurial strategy is difficult, as the future value of strategy alternatives is
uncertain. To create and capture value, firms are advised to consider and test multiple …

Research summary This study advances research on entrepreneurial cognition by
investigating how entrepreneurial judgment evolves during new venture creation. We …

How should decision-making be organized in entrepreneurial teams when founders exhibit
confidence biases? New ventures are commonly founded by teams of entrepreneurs, who …

Although biases influence the decision to take entrepreneurial actions, studies have not
differentiated among entrepreneurial decision environments. These environments vary …

A classical approach to collecting and elaborating information to make entrepreneurial
decisions combines search heuristics, such as trial and error, effectuation, and confirmatory …

This article studies how early-stage entrepreneurs respond to negative feedback about the
quality of their ventures. We use data from new venture competitions, some of which …