Rotondi, Valentina (2023) Overconfidence, misjudgment, and entry in experimental entrepreneurial markets: evidence from Panama. Entrepreneurship & Regional Development.
Full text not available from this repository.Abstract
This paper investigates the influence of overconfidence and misjudgement of merit on the decision to enter a winner-take-all market. Through a lab-in-the-field experiment conducted in Panama’s dynamic and diverse entrepreneurial ecosystem, the study addresses a research gap by exploring the interplay between overconfidence, institutional factors, and entrepreneurial activities. The findings confirm the role of overconfidence as a determinant of market entry and reveal that overconfidence primarily empowers individuals already embedded in entrepreneurial net- works, regardless of their destructiveness. These results suggest that in the presence of weak institutions, overconfidence does not promote entrepreneurship but rather motivates those with pre-existing entrepreneurial networks to open new ventures. However, this situation has the potential to exacerbate inequalities, especially if these ventures make only marginal contributions to overall social output.
| Item Type: | Scientific journal article, Newspaper article or Magazine article |
|---|---|
| Subjects: | Social studies > Economics Social studies > Economics > Economics not elsewhere classified Social studies > Development studies Business and administrative studies > Business studies > International business studies |
| Department/unit: | Dipartimento economia aziendale, sanità e sociale > Centro competenze pratiche e politiche sanitarie |
| Depositing User: | Valentina Rotondi |
| Date Deposited: | 22 Aug 2023 11:58 |
| Last Modified: | 17 Oct 2023 10:00 |
| URI: | http://repository.supsi.ch/id/eprint/14546 |
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