And a Vision Appeared unto them of a Great Profit: Evidence of Self-Deception among the Self-Employed
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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References listed on IDEAS
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- Michael Manove & A. Jorge Padilla, 1999.
"Banking (Conservatively) with Optimists,"
RAND Journal of Economics,
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