Abstract

http://ssrn.com/abstract=2024819
 
 

References (113)



 
 

Footnotes (3)



 


 



Cognitive Adaptability and an Entrepreneurial Task: The Role of Metacognitive Ability and Feedback


J. Michael Haynie


Syracuse University - Whitman School of Management

Dean A. Shepherd


Indiana University - Kelley School of Business - Management & Entrepreneurship

Holger Patzelt


Max Planck Institute of Economics

March 2012

Entrepreneurship Theory and Practice, Vol. 36, Issue 2, pp. 237-265, 2012

Abstract:     
To sense and adapt to uncertainty by leveraging prior entrepreneurial knowledge is a critical ability. However, for many individuals, prior entrepreneurial knowledge is absent or underdeveloped. We investigate the ability of individuals without prior entrepreneurial knowledge to effectively adapt decision policies in response to feedback, while performing an entrepreneurial task. We model 10,000 “entrepreneurial decisions” nested within 217 individuals, to demonstrate how differences in metacognitive ability and feedback type promote (or alternatively impede) cognitive adaptability. Our findings suggest insights into the interplay between knowledge, learning, and cognition that are generalizable to activities and actions central to the entrepreneurial process.

Number of Pages in PDF File: 29

Accepted Paper Series





Date posted: March 16, 2012  

Suggested Citation

Haynie, J. Michael and Shepherd, Dean A. and Patzelt, Holger, Cognitive Adaptability and an Entrepreneurial Task: The Role of Metacognitive Ability and Feedback (March 2012). Entrepreneurship Theory and Practice, Vol. 36, Issue 2, pp. 237-265, 2012. Available at SSRN: http://ssrn.com/abstract=2024819 or http://dx.doi.org/10.1111/j.1540-6520.2010.00410.x

Contact Information

J. Michael Haynie (Contact Author)
Syracuse University - Whitman School of Management
900 S. Crouse Avenue
Syracuse, NY 13244-2130
United States
Dean A. Shepherd
Indiana University - Kelley School of Business - Management & Entrepreneurship ( email )
Bloomington, IN 47405
United States
812-856-5220 (Phone)

Holger Patzelt
Max Planck Institute of Economics ( email )
Kahlaische Str. 10
D-07745 Jena
Germany
Feedback to SSRN


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References:  113
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