Seminar  |  07/17/2019 | 12:00 PM  –  01:30 PM

Brown Bag Seminar: Characterizing the Entrepreneur Using Experimental Economics

Krista Saral (Geneva Webster)

Max Planck Institute for Innovation and Competition, Munich, Room 313

We study decision making by graduate students and entrepreneurship program participants in a variety of individual and group settings. Nascent and current entrepreneurs differ from non-entrepreneurs along several dimensions. Nascent entrepreneurs are more trustworthy than non-entrepreneurs and current entrepreneurs, and are also more likely to be overconfident. While current and nascent entrepreneurs are no more likely to choose competitive pay schemes than others, they react to competition by performing better. Current and nascent entrepreneurs are less cooperative, more patient, and more honest than non-entrepreneurs. Nascent entrepreneurs are surprisingly different than current entrepreneurs, including being far more likely to be women.

Contact Person: Dr. Marina Chugunova