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Characterizing the female entrepreneur: Comparing behavior in a market entry experiment with other groups of individuals AgEcon
Schade, Christian; Boewe, Sabrina; Krause, Kai Oliver.
We investigate the strategic decision behavior of female entrepreneurs in a realistic market entry experiment where individuals started with gains or losses experienced prior to the game. We compare the entry behavior of female entrepreneurs to the entry behavior of male entrepreneurs and to the entry behavior of female and male students. We find that female entrepreneurs show entry patterns very similar to that of male entrepreneurs and very different from female students: female entrepreneurs on average over enter markets and do not react to their opponents’ prior experiences much. The same accounts for male entrepreneurs. Furthermore, we find that entrepreneurs in general exhibit significantly higher mean entry probabilities than students, whereby...
Tipo: Working or Discussion Paper Palavras-chave: Female Entrepreneurship; Strategic Decision Behavior; Market Entry; Experimental Economics; Agribusiness; Agricultural and Food Policy; Agricultural Finance; Consumer/Household Economics; Institutional and Behavioral Economics; Research Methods/ Statistical Methods.
Ano: 2009 URL: http://purl.umn.edu/59520
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Coordination after gains and losses: Is prospect theory’s value function predictive for games? AgEcon
Schade, Christian; Schroeder, Andreas; Krause, Kai Oliver.
We analyze the effects of prior gain and loss experiences on individuals’ behavior in two coordination games: battle of the sexes and simultaneous market entry. We propose subjectively transformed games that integrate elements of prospect theory, aggregation of prior and subsequent payoffs, and social projection. Mathematical predictions of behavior are derived based on equilibrium selection concepts. Males’ behavior in our experimental studies is largely consistent with our predictions. However, the behavior of many female respondents appears to be rather consistent with interpreting the initial random lottery outcomes used to manipulate prior experiences as a signal for the players’ abilities to compete. This could be related to females’ known uneasiness...
Tipo: Working or Discussion Paper Palavras-chave: Prospect Game Theory; Prior Outcomes; Coordination; Equilibrium Selection; Economic Experiment; Agribusiness; Agricultural and Food Policy; Financial Economics; Institutional and Behavioral Economics; Research Methods/ Statistical Methods; Risk and Uncertainty.
Ano: 2010 URL: http://purl.umn.edu/59524
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