Are Entrepreneurs More Optimistic Than Managers: Evidence From a Lab-in-the-Field Experiment

Martin Koudstaal, Mirjam Van Praag, Randolph Sloof

    Research output: Contribution to conferencePaperResearchpeer-review

    Abstract

    We study optimism among entrepreneurs, managers and employees using data from a large lab-in-the-field experiment.The results on two survey measures indicate that entrepreneurs are more optimistic than managers and employees in
    their dispositional optimism and their attributional style when bad events occur. Such optimism is not unique to entrepreneurs, though. More successful managers (e.g. CEOs) are similarly optimistic. Furthermore, examination of two incentivized measures of overestimation yields that both entrepreneurs and managers are more prone to overestimate their own ability or a future stock market closing price. On all four measures, however, employees are least optimistic.
    We study optimism among entrepreneurs, managers and employees using data from a large lab-in-the-field experiment.The results on two survey measures indicate that entrepreneurs are more optimistic than managers and employees in
    their dispositional optimism and their attributional style when bad events occur. Such optimism is not unique to entrepreneurs, though. More successful managers (e.g. CEOs) are similarly optimistic. Furthermore, examination of two incentivized measures of overestimation yields that both entrepreneurs and managers are more prone to overestimate their own ability or a future stock market closing price. On all four measures, however, employees are least optimistic.

    Conference

    ConferenceThe DRUID Society Conference 2015
    Number37
    LocationLUISS Business School
    CountryItaly
    CityRome
    Period15/06/201517/06/2015
    SponsorLUISS Guido Carli - Libera Università Internazionale degli Studi Sociali Guido Carli
    Internet address

    Cite this

    Koudstaal, M., Van Praag, M., & Sloof, R. (2015). Are Entrepreneurs More Optimistic Than Managers: Evidence From a Lab-in-the-Field Experiment. Paper presented at The DRUID Society Conference 2015, Rome, Italy.
    Koudstaal, Martin ; Van Praag, Mirjam ; Sloof, Randolph. / Are Entrepreneurs More Optimistic Than Managers : Evidence From a Lab-in-the-Field Experiment. Paper presented at The DRUID Society Conference 2015, Rome, Italy.26 p.
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    author = "Martin Koudstaal and {Van Praag}, Mirjam and Randolph Sloof",
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    Koudstaal, M, Van Praag, M & Sloof, R 2015, 'Are Entrepreneurs More Optimistic Than Managers: Evidence From a Lab-in-the-Field Experiment' Paper presented at, Rome, Italy, 15/06/2015 - 17/06/2015, .

    Are Entrepreneurs More Optimistic Than Managers : Evidence From a Lab-in-the-Field Experiment. / Koudstaal, Martin; Van Praag, Mirjam; Sloof, Randolph.

    2015. Paper presented at The DRUID Society Conference 2015, Rome, Italy.

    Research output: Contribution to conferencePaperResearchpeer-review

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    T1 - Are Entrepreneurs More Optimistic Than Managers

    T2 - Evidence From a Lab-in-the-Field Experiment

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    AU - Van Praag,Mirjam

    AU - Sloof,Randolph

    PY - 2015

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    N2 - We study optimism among entrepreneurs, managers and employees using data from a large lab-in-the-field experiment.The results on two survey measures indicate that entrepreneurs are more optimistic than managers and employees intheir dispositional optimism and their attributional style when bad events occur. Such optimism is not unique to entrepreneurs, though. More successful managers (e.g. CEOs) are similarly optimistic. Furthermore, examination of two incentivized measures of overestimation yields that both entrepreneurs and managers are more prone to overestimate their own ability or a future stock market closing price. On all four measures, however, employees are least optimistic.

    AB - We study optimism among entrepreneurs, managers and employees using data from a large lab-in-the-field experiment.The results on two survey measures indicate that entrepreneurs are more optimistic than managers and employees intheir dispositional optimism and their attributional style when bad events occur. Such optimism is not unique to entrepreneurs, though. More successful managers (e.g. CEOs) are similarly optimistic. Furthermore, examination of two incentivized measures of overestimation yields that both entrepreneurs and managers are more prone to overestimate their own ability or a future stock market closing price. On all four measures, however, employees are least optimistic.

    M3 - Paper

    ER -

    Koudstaal M, Van Praag M, Sloof R. Are Entrepreneurs More Optimistic Than Managers: Evidence From a Lab-in-the-Field Experiment. 2015. Paper presented at The DRUID Society Conference 2015, Rome, Italy.