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Probabilistic Interpretation of Observer Effect on Entrepreneurial Opportunity

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  • Leong David

    (University of Canberra, Canberra, Australia)

Abstract

Background: In quantum mechanics, the observer effect categorically states that observing a phenomenon changes it. This research explores a probabilistic interpretation of entrepreneurial opportunity and explains the observer effect reflecting on Schrödinger’s cat thought experiment. This approach addresses opportunity as a “possibility” concept reinterpreting it from multiple observers’ perspectives and the cruciality of action to cause wave function collapse to an emergent reality. This paper intends to resolve the epistemological paradox and ‘opportunity’ war by re-contextualising opportunity as an artefact and positing it as a probability wave with a range of possibilities until alert entrepreneurs act on it.

Suggested Citation

  • Leong David, 2022. "Probabilistic Interpretation of Observer Effect on Entrepreneurial Opportunity," Organizacija, Sciendo, vol. 55(4), pages 243-258, November.
    • Handle: RePEc:vrs:organi:v:55:y:2022:i:4:p:243-258:n:4
    DOI: 10.2478/orga-2022-0016
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    References listed on IDEAS

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