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Risk and Uncertainty
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. ....
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