Experiments on Entrepreneurial Decision Making: A Different Lens Through Which to Look at Entrepreneurship

56 Pages Posted: 16 Jun 2010

See all articles by Christian Schade

Christian Schade

Humboldt-Universitaet zu Berlin

Katrin Burmeister-Lamp

Rotterdam School of Management

Date Written: 2009

Abstract

In this paper we propose that researchers might analyze key questions in entrepreneurship as problems of decision making. We believe that this allows for new insights. Experiments are especially suited to empirically test hypo-theses derived within such a framework. In this paper, we thus introduce the decision-making perspective as well as general characteristics of the experimental method. We also discuss existing experimental studies in entrepreneurship with respect to the use of a decision-making perspective and specifics of their experimental designs. Finally, we present “research cases” that demonstrate the shift in perspective that occurs when common questions in entrepreneurship are analyzed through the lens of decision making. We conclude that entrepreneurial decision making (EDM) bears the potential of a scientific paradigm. This paper is intended to stimulate theory development to establish such a paradigm and (experimental) research within the perspective of EDM.

Keywords: Experimental Economics, Entrepreneurship, Decision-Making

Suggested Citation

Schade, Christian and Burmeister-Lamp, Katrin, Experiments on Entrepreneurial Decision Making: A Different Lens Through Which to Look at Entrepreneurship (2009). Foundations and Trends in Entrepreneurship Vol. 5, No. 2, pp 81-134, 2009. Available at SSRN: https://ssrn.com/abstract=1625359

Christian Schade (Contact Author)

Humboldt-Universitaet zu Berlin ( email )

School of Business and Economics
Unter den Linden 6
Berlin, Berlin 10099
Germany

HOME PAGE: http://enim.wiwi.hu-berlin.de/index-en.html

Katrin Burmeister-Lamp

Rotterdam School of Management ( email )

RSM Erasmus University
Rotterdam, 3000 DR
Netherlands
+31104082595 (Phone)

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