Entrepreneurs and Intertemporal Decision Making

13 Pages Posted: 17 Dec 2008 Last revised: 10 Mar 2009

See all articles by Jason Fitzsimmons

Jason Fitzsimmons

Queensland University of Technology

Per Davidsson

Queensland University of Technology - Brisbane Graduate School of Business

Date Written: December 8, 2008

Abstract

This paper investigates the decision making behaviour of individuals with respect to attributes considered relevant to the assessment of potential venture opportunities. Using a decision making experiment, we were able to consider the behaviour of individuals taking into account their risk and time preferences. We find that while the respondent as a whole placed most weight on the potential payoffs when considering the value of a venture opportunity, we find significant individual differences in preference weightings across the attributes used in the study. By using a series of hypothetical venture vignettes, we also find some evidence that these differences in preference weightings may be useful in predicting choice behaviour in a more realistic entrepreneurial environment.

Keywords: Entrepreneurship

JEL Classification: M13

Suggested Citation

Fitzsimmons, Jason and Davidsson, Per, Entrepreneurs and Intertemporal Decision Making (December 8, 2008). Frontiers of Entrepreneurship Research 2006; Frontiers of Entrepreneurship Research 2006. Available at SSRN: https://ssrn.com/abstract=1313342 or http://dx.doi.org/10.2139/ssrn.1313342

Jason Fitzsimmons (Contact Author)

Queensland University of Technology ( email )

2 George Street
Brisbane, Queensland 4000
Australia

Per Davidsson

Queensland University of Technology - Brisbane Graduate School of Business ( email )

Brisbane
Australia
+61 7 3864 2051 (Phone)
+61 7 3864 1299 (Fax)

HOME PAGE: http://www.qut.edu.au/ph_server_query.do

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