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Entrepreneurs and Ego

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Researcher Brian Wu, author of the paper “Entrepreneurial Risk and Market Entry”, in BusinessWeek:

Entrepreneurs, like everybody else, hate uncontrollable risks, but on the other hand, they’re overconfident in their own abilities — they think they can control their abilities in a random drawing of people. It’s like the Lake Wobegon effect in assessing their position among peers. They think they’re above the average.

This statement is just too over-simplistic to be of any worth.

Written by Brajesh

September 3, 2006 at 8:32 pm

Posted in Entrepreneurship, WTF

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