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Risk and Uncertainty

Category: Ionian History
Type: Standard
Book Title: Handbook of Entrepreneurship Research. An interdisciplinary survey and introduction
Author: Gifford Sharon
Editor: Acs J. Zoltan and Audretsch B. David
Pages: 37-53
Publisher: Springer
Library catalog: K.S.P.
Date: 2005
Location: New York, USA

Abstract:

[37] .... entrepreneur, ....more willing to undetake risk, that is, you are less risk averse, than investors are. .... The entrepreneur functions in the economy only if the environment is uncertain. .... profit opportunities .... In an uncertain, dynamic world, the entrepreneur is often seen as bearing the risks implied by the uncertainty of the future outcomes of his or her decisions. ... one of the roles of the entrepreneur is to bear the risks that others avoid because entrepreneurs are less averse to risk. ....


The research project is implemented within the framework of the Action “Supporting Postdoctoral Researchers» of the Operational Program "Education and Lifelong Learning" (Action’s Beneficiary: General Secretariat for Research and Technology), and is co-financed by the European Social Fund (ESF) and the Greek State.