Risk-taking in entrepreneurs, compared to criminals and students: The role of uncertainty and stakes

Journal of Socio-Economics

Volumn 37, Issue 6, 2008, Pages 2231-2241

  Faragó, Klára ^a   Kiss, Orhidea ^a   Boros, János ^b  

^a EÖTVÖS LORÁND UNIVERSITY   (Hungary)

^b PÁZMÁNY PÉTER CATHOLIC UNIVERSITY   (Hungary)

Author keywords

Affect heuristic; Amount staked; Convicts; Entrepreneurs; Risk taking

Indexed keywords

EID: 53349121566     PISSN: 10535357     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.socec.2008.04.004     Document Type: Article

References (24)

1. Faragó K. Kockázatvállalás vizsgálata terepkísérletben. Magyar Pszichológiai Szemle 3 (2005) 343-371
2. Farrington D.F. The psychology of crime: influences and constraints on offending. In: Bull R., and Carson D. (Eds). Handbook of Psychology in Legal Context (1995), John Wiley & Sons 291-315
3. Forlani D., and Mullins J.W. Perceived risks and choices in entrepreneur's new venture decisions. Journal of Business Venturing 15 (2000) 305-322
4. Gottfredson M.R., and Hirschi T. A General Theory of Crime (1990), Stanford University Press, Stanford, CA
5. Grasmick H.G., Tittle C.R., Bursik R.J., and Arneklev B.J. Testing the core empirical implications of Gottfredson and Hirschi's general theory of crime. Journal of Research in Crime and Delinquency 30 (1993) 5-29
6. Kamalanabhan T.J., Sunder D.L., and Manshor A.T. Magnitude of loss scaleevaluation of entrepreneurial risk-taking using magnitude of loss scale. Journal of Entrepreneurship 15 (2006) 37-46
7. Kirzner I.M. Competition and Entrepreneurship (1973), University of Chicago Press, Chicago
8. Knight F.H. Risk, Uncertainty and Profit (1921), Kelly and Millman, Inc., New York
9. Krueger R.F., Schmutte P.S., Caspi A., Moffitt T.E., Campbell K., and Silva P.A. Personality traits are linked to crime among men and women: evidence from a birth cohort. Journal of Abnormal Psychology 103 2 (1994) 328-338
10. Lane S.D., and Cherek D.R. Analysis of risk taking in adults with a history os high risk behavior. Drug and Alcohol Dependence 60 (2000) 179-187
11. Lopez L.L. Reasons and resources: the human side of risk taking. In: Bell N.J., and Bell R. (Eds). Adolescent Risk Taking (1993), Sage 29-57
12. Lyng S. Disfunctional risk taking: criminal behavior as edgework. In: Bell N.J., and Bell R.W. (Eds). Adolescent Risk Taking (1993), Sage 107-131
13. Palich L., and Bagby D.R. Using cognitive theory to explain entrepreneurial risk taking: challenging conventional wisdom. Journal of Business Venturing 10 (1995) 421-438
14. Peters E., and Slovic P. The springs of action: affective and analytical information processing in choice. Personality and Social Psychology Bulletin 26 (2001) 1456-1475
15. Romero E., Gomez-Fraguela J.A., Luengo M.A., and Sobral J. The self-control theory construct in the General Theory of Crime: an investigation in terms of personality psychology. Psychology, Crime, and Law 9 (2003) 61-86
16. Schumpeter J. The Theory of Economic Development (1934), Harvard University Press, Boston
17. Shapira Z. Risk Taking: A Managerial Perspective (1995), Russel Sage Foundation, New York
18. Sitkin S.B., and Pablo A.L. Reconceptualizing the determinants of risk behavior. Academy of Management Review 1 (1992) 9-38
19. Slovic P., Finucane M., Peters E., and MacGregor D. The affect heuristic. In: Gilovich T., Griffin D., and Kahneman D. (Eds). Heuristics and Biases. The Psychology of Intuitive Judgment (2002), Cambridge University Press 397-421
20. Stewart C.H.M., and Hemsley D.R. Personality factors in the taking of criminal risks. Personality and Individual Differences 5 1 (1984) 119-122
21. Stewart W.H., Watson W.E., Carland J.C., and Carland W.J. A proclivity for entrepreneurship: a comparison of entrepreneurs, small business owners, and corporate managers. Journal of Business Venturing 14 (1998) 189-214
22. Thaler R. Toward a positive theory of consumer choice. Journal of Economic Behavior and Organization 1 1 (1980) 39-60
23. Tversky A., and Kahneman D. The framing of decisions and the psychology of choice. Science 211 (1981) 453-458
24. Tversky A., Slovic P., and Kahneman D. The causes of preference reversal. American Economic Review 80 (1990) 204-217