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- Publications
- Influence
"I Think I Can, I Think I Can": Overconfidence and Entrepreneurial Behavior
- P. Koellinger, M. Minniti, C. Schade
- Economics
- 1 August 2007
Many firms fail shortly after inception. Yet individuals continue starting businesses. Prewar economists such as Keynes invoked animal spirits and stressed psychological factors in their explanations… Expand
Gender Differences in Entrepreneurial Propensity
- Philipp D. Koellinger, M. Minniti, C. Schade
- Psychology
- 1 April 2013
Using data from representative population surveys in 17 countries, we find that the lower rate of female business ownership is primarily due to women's lower propensity to start businesses rather… Expand
Are entrepreneurs' decisions more biased? An experimental investigation of the susceptibility to status quo bias
- K. Burmeister, C. Schade
- Economics
- 1 May 2007
Abstract Entrepreneurship research has demonstrated that entrepreneurs are more susceptible to certain cognitive biases than are selected other individuals. We investigate whether this finding holds… Expand
High Stakes Decision Making: Normative, Descriptive and Prescriptive Considerations
- H. Kunreuther, R. J. Meyer, +8 authors R. Hogarth
- Computer Science
- 1 August 2002
TLDR
Is default risk acceptable when purchasing insurance? Experimental evidence for different probability representations, reasons for default, and framings
- Anja Zimmer, C. Schade, Helmut Gründl
- Economics
- 1 February 2009
We experimentally analyze consumers' reactions to insurance default risk. Consistent with earlier studies, we find that insurance with default risk is extremely unattractive to most individuals. A… Expand
Experiments on Entrepreneurial Decision Making: A Different Lens Through Which to Look at Entrepreneurship
- C. Schade, Katrin Burmeister-Lamp
- Economics
- 11 March 2009
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… Expand
Intuitive optimizing: experimental findings on time allocation decisions with newly formed ventures
- M. Lévesque, C. Schade
- Economics
- 1 May 2005
Decision making in an entrepreneurial context is explored using theoretical and experimental analysis. How individuals use their leisure and work time and how they distribute their work time between… Expand
Seeing the World with Different Eyes: Gender Differences in Perceptions and the Propensity to Start a Business
- P. Koellinger, M. Minniti, C. Schade
- Business
- 1 March 2008
Across countries, women own significantly fewer businesses than do men. We show that this is due, in large part, to the fact that the propensity to start businesses of women is significantly lower… Expand
Worry and the illusion of safety: Evidence from a real-objects experiment
- C. Schade, H. Kunreuther
- Psychology
- 2002
We analyze the impact of an individual's tendency to worry on willingness to pay (WTP) for a protective measure. We report on the results of a controlled experiment with real objects at stake. Worry… Expand
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Inertia in disinvestment decisions: experimental evidence
- O. Musshoff, M. Odening, C. Schade, S. Maart-Noelck, S. Sandri
- Economics
- 1 July 2013
In this paper we analyse the timing of disinvestment decisions by applying a real options approach to explain the experimentally observed disinvestment behaviour of agricultural entrepreneurs. Within… Expand