And a vision appeared unto them of a great profit: evidence of self-deception among the self-employed
AbstractEvidence is presented that the self employed expect better financial outcomes than do employees but experience worse realisations. This is consistent with theories that entrepreneurship is driven by unrealistic optimism.
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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 67 (2000)
Issue (Month): 1 (April)
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Web page: http://www.elsevier.com/locate/ecolet
Other versions of this item:
- G. Reza Arabsheibani & David de Meza & John Maloney & Bernard Pearson, 2000. "And a Vision Appeared unto them of a Great Profit: Evidence of Self-Deception among the Self-Employed," Royal Holloway, University of London: Discussion Papers in Economics 99/9, Department of Economics, Royal Holloway University of London, revised Feb 2000.
- D84 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Expectations; Speculations
- M13 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration - - - New Firms; Startups
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
- D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
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