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Entrepreneurial action as human action: Sometimes judgment-driven, sometimes not

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  • Hunt, Richard A.
  • Lerner, Daniel A.

Abstract

This article elaborates on a lively and rapidly evolving conversation central to entrepreneurship: the underpinnings of entrepreneurial action. In particular, we respond to a critique published in this journal by Brown, Packard, and Bylund (BPB), in which they argue that all EA is based on intendedly-rational judgment. The empirical reality of rational, deliberative intentionality in entrepreneurship is beyond dispute and we have argued that behavioral logics do not simply supplant intendedly-rational ones. However, mounting evidence suggests that the wide-spectrum framework developed by Lerner, Hunt and Dimov – ranging from impulse-driven, a-rational action to deeply deliberative, rational action – offers a more veridical and useful perspective. Although BPB's critique succeeds in underscoring the exciting challenges facing entrepreneurship scholars; in our view, the critique largely relies on philosophical argumentation and definitional boundary-setting that are inconsistent with decades of scientific advancement in the psychological sciences. Given this, and recent empirical evidence from entrepreneurship scholars, we think it would be counter-productive to consider entrepreneurship as the sole domain of human activity completely circumscribed by rational judgment.

Suggested Citation

  • Hunt, Richard A. & Lerner, Daniel A., 2018. "Entrepreneurial action as human action: Sometimes judgment-driven, sometimes not," Journal of Business Venturing Insights, Elsevier, vol. 10(C), pages 1-1.
    • Handle: RePEc:eee:jobuve:v:10:y:2018:i:c:9
    DOI: 10.1016/j.jbvi.2018.e00102
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    Cited by:

    1. Hunt, Richard A. & Lerner, Daniel A. & Johnson, Sheri L. & Badal, Sangeeta & Freeman, Michael A., 2022. "Cracks in the wall: Entrepreneurial action theory and the weakening presumption of intended rationality," Journal of Business Venturing, Elsevier, vol. 37(3).
    2. Daniel A. Lerner & Lars Alkærsig & Markus A. Fitza & Carina Lomberg & Stefanie K. Johnson, 2021. "Nothing Ventured, Nothing Gained: Parasite Infection is Associated with Entrepreneurial Initiation, Engagement, and Performance," Entrepreneurship Theory and Practice, , vol. 45(1), pages 118-144, January.
    3. Wim Van Lent & Richard A. Hunt & Daniel A. Lerner, 2023. "Historiography and the excavation of nascent business venturing," Small Business Economics, Springer, vol. 61(1), pages 285-303, June.
    4. Brian C. Gunia & J. Jeffrey Gish & Mona Mensmann, 2021. "The Weary Founder: Sleep Problems, ADHD-Like Tendencies, and Entrepreneurial Intentions," Entrepreneurship Theory and Practice, , vol. 45(1), pages 175-210, January.
    5. Packard, Mark D. & Bylund, Per L., 2021. "From homo economicus to homo agens: Toward a subjective rationality for entrepreneurship," Journal of Business Venturing, Elsevier, vol. 36(6).
    6. Schwarte, Ying & Song, Yue & Hunt, Richard A. & Lohrke, Franz T., 2023. "Passion as process: Three perspectives on entrepreneurial passion and an integrated path forward," Journal of Business Research, Elsevier, vol. 156(C).
    7. Abolghasem Arabiun & Niloofar Salajegheh & Zeynab Aeeni & Armin Khaleghi Forghani, 2023. "Trends and patterns in entrepreneurial action research: a bibliometric overview and research agenda," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 13(1), pages 1-17, December.
    8. Indu Khurana & Daniel J. Lee, 2023. "Gender bias in high stakes pitching: an NLP approach," Small Business Economics, Springer, vol. 60(2), pages 485-502, February.
    9. Warnick, Benjamin J. & Kier, Alexander S. & LaFrance, Emily M. & Cuttler, Carrie, 2021. "Head in the clouds? Cannabis users' creativity in new venture ideation depends on their entrepreneurial passion and experience," Journal of Business Venturing, Elsevier, vol. 36(2).
    10. Hunt, Richard A. & Lerner, Daniel A. & Ortiz-Hunt, Avery, 2022. "Lassie shrugged: The premise and importance of considering non-human entrepreneurial action," Journal of Business Venturing Insights, Elsevier, vol. 17(C).
    11. Kurdoglu, Rasim Serdar & Lerner, Daniel & Ates, Nufer Yasin, 2022. "Unsticking the rationality stalemate: Motivated reasoning, reality, and irrationality," Journal of Business Venturing Insights, Elsevier, vol. 18(C).

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