首页 | 本学科首页   官方微博 | 高级检索  
     


Risk aversion,downside risk aversion,and the transition to entrepreneurship
Authors:Bonilla  Claudio A.  Vergara  Marcos
Affiliation:1.School of Economics and Business, University of Chile, Santiago, Chile
;2.School of Economics and Business, Universidad del Desarrollo, Concepción, Chile
;
Abstract:

In this paper, we discuss the transition from secure employment to risky self-employment (entrepreneurship) caused by a small increase in wealth. Building on the apportioning risk literature, we prove that the transition from secure employment to risky entrepreneurship is based on a measure of the difference between the strength of downside risk aversion and the strength of risk aversion. This result highlights the idea that using the behavioral approach of risky lotteries to study entrepreneurship can produce different results from the traditional economic theory of entrepreneurship, which can have policy implications that must be considered with caution.

Keywords:
本文献已被 SpringerLink 等数据库收录!
正在获取相似文献,请稍候...
设为首页 | 免责声明 | 关于勤云 | 加入收藏

Copyright©北京勤云科技发展有限公司  京ICP备09084417号