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And a Vision Appeared unto them of a Great Profit: Evidence of Self-Deception among the Self-Employed

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Author Info
G. Reza Arabsheibani
David de Meza
John Maloney
Bernard Pearson (Department of Economics, Royal Holloway, University of London)

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Abstract

Evidence 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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File URL: http://www.rhul.ac.uk/economics/Research/WorkingPapers/pdf/dpe9909.pdf
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Publisher Info
Paper provided by Department of Economics, Royal Holloway University of London in its series Royal Holloway, University of London: Discussion Papers in Economics with number 99/9.

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Length: pages
Date of creation: Feb 2000
Date of revision: Feb 2000
Handle: RePEc:hol:holodi:9909

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Related research
Keywords: Entrepreneurship; unrealistic optimism;

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Find related papers by JEL classification:
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
D21 - Microeconomics - - Production and Organizations - - - Firm Behavior

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This page was last updated on 2009-12-2.

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