Reverberations

News, Views, Rants and Raves About Technology and More

Entrepreneurs and Ego

leave a comment »

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

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: