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How uncertainty levels and types matter, to likely entrepreneurs and others

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  • Arend, Richard J.

Abstract

•Greater levels of unknowability affected decision-maker behaviors under uncertainty.•Different unknown items in a decision did not affect the response approaches chosen.•Moving from risk to ambiguity to uncertainty required increased premia to take on.•Discomfort with uncertainty types decreased with exposure to them.•Likely entrepreneurs were more sensitive to yet more calculative with uncertainty.

Suggested Citation

  • Arend, Richard J., 2022. "How uncertainty levels and types matter, to likely entrepreneurs and others," Journal of Business Venturing Insights, Elsevier, vol. 18(C).
    • Handle: RePEc:eee:jobuve:v:18:y:2022:i:c:s2352673422000257
    DOI: 10.1016/j.jbvi.2022.e00327
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    References listed on IDEAS

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    Cited by:

    1. Rasha A. A. ElNaggar & Mayar Farrag ElSayed, 2023. "Drivers of business model innovation in micro and small enterprises: evidence from Egypt as an emerging economy," Future Business Journal, Springer, vol. 9(1), pages 1-17, December.

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