Student or educator? Sign up with your school email and get 6 months of Pro free.
CoChat
Sign Up
Cited by 326

The DOI matches its Crossref record; 57 of the 57 references it cites were found in a registry or an index.

Seeking the Roots of Entrepreneurship: Insights from Behavioral Economics

Open access
Åstebro, Thomas, Herz, Holger, Nanda, Ramana, Weber, Roberto A.·2014·Journal of Economic Perspectives
DOI 10.1257/jep.28.3.49
Open this paper in CoChat — free account

Abstract

There is a growing body of evidence that many entrepreneurs seem to enter and persist in entrepreneurship despite earning low risk-adjusted returns. This has lead to attempts to provide explanations—using both standard economic theory and behavioral economics— for why certain individuals may be attracted to such an apparently unprofitable activity. Drawing on research in behavioral economics, in the sections that follow, we review three sets of possible interpretations for understanding the empirical facts related to the entry into, and persistence in, entrepreneurship. Differences in risk aversion provide a plausible and intuitive interpretation of entrepreneurial activity. In addition, a growing literature has begun to highlight the potential importance of overconfidence in driving entrepreneurial outcomes. Such a mechanism may appear at face value to work like a lower level of risk aversion, but there are clear conceptual differences—in particular, overconfidence likely arises from behavioral biases and misperceptions of probability distributions. Finally, nonpecuniary taste-based factors may be important in motivating both the decisions to enter into and to persist in entrepreneurship.

Overview

The claims and statistics of this paper haven’t been checked yet.

Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.

A few free checks a day · papers already verified open instantly · results are public

Integrity signals

Registry

Crossref · 10.1257/jep.28.3.49

Cites

57 of 57 references verified0 citation errors · 0 not checkable

Statistics

Verification

Claims the paper makes

The claims and statistics of this paper haven’t been checked yet.

Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.

A few free checks a day · papers already verified open instantly · results are public

Self-check

Percentages, sums and reported differences re-computed from the paper’s own numbers.

The self-check needs the paper’s full text.

Citations

Cites

Show all 57 references

Cited by

See all 326

Metadata

Authors
Åstebro, T., Herz, H., Nanda, R., & Weber, R. A.
Venue
Journal of Economic Perspectives
Publisher
American Economic Association
Published
2014-08-01
Volume
28
Issue
3
Pages
49-70
ISSN
0895-3309 (ISSN-L)
DOI
10.1257/jep.28.3.49
OpenAlex
W2284867874
Cited by
326
References
57
FWCI
40.23
Type
journal article
Language
en
Open access
bronze

About these checks

Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.

Statistics and arithmetic are recomputed, not judged.

Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.

What counts as a claim ›How we measure confidence ›How we check this ›

Are you an author, or do you see a problem with this page? Request a review

How to cite

Cite CoChat for the checks on this page, and the paper for its own findings.

This page
CoChat. (2026). Citation check: Seeking the Roots of Entrepreneurship: Insights from Behavioral Economics. https://app.cochat.ai/papers/10.1257/jep.28.3.49
The paper
Åstebro, T., Herz, H., Nanda, R., & Weber, R. A. (2014). Seeking the Roots of Entrepreneurship: Insights from Behavioral Economics. Journal of Economic Perspectives. https://doi.org/10.1257/jep.28.3.49

Data sources

Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.