| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w27379 |
| 来源ID | Working Paper 27379 |
| Enabling Entrepreneurial Choice | |
| Ajay K. Agrawal; Joshua S. Gans; Scott Stern | |
| 发表日期 | 2020-06-22 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | Entrepreneurs must choose between alternative strategies for bringing their idea to market. They face uncertainty regarding both the quality of their idea as well as the efficacy of each strategy. While entrepreneurs can reduce this uncertainty by conducting tests, any single test conflates the signal of the efficacy of the particular strategy and the quality of the idea. Resolving this conflation requires exploring multiple strategies. Consequently, entrepreneurial choice is enhanced by finding ways to lower the cost of testing multiple strategies, receiving guidance as to the types of tests likely to reduce signal conflation, and optimally sequencing tests based on prior beliefs. This creates a role for judgment that may be provided by third parties such as mentors and investors. We hypothesize that institutions that lower the cost of transmitting and aggregating judgment spur entrepreneurial success. |
| 主题 | Microeconomics ; Economics of Information ; Development and Growth ; Innovation and R& ; D |
| URL | https://www.nber.org/papers/w27379 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/585052 |
| 推荐引用方式 GB/T 7714 | Ajay K. Agrawal,Joshua S. Gans,Scott Stern. Enabling Entrepreneurial Choice. 2020. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w27379.pdf（466KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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