The Impact of Idea Generation and Potential Appropriation on Entrepreneurship: An Experimental Study

Published Online:https://doi.org/10.1287/mnsc.2016.2566

References

  • Abelson R (1986) Beliefs are like possessions. J. Theory Soc. Behav. 16(3):223–250.CrossrefGoogle Scholar
  • Adams RB Jr, Nalini AC, Neil M, Kleck RE (2006) Emotional expressions forecast approach-avoidance behavior. Motivation Emotion 30(2):179–188.CrossrefGoogle Scholar
  • Andrews D (2011) 2 reasons you can’t come up with a business idea. Tropical MBA (blog), August 13, http://www.tropicalmba.com/how-to-find-a-business-idea.Google Scholar
  • Åstebro T (2003) The return to independent invention: Evidence of unrealistic optimism, risk seeking or skewness loving? Econom. J. 113(484):226–239.Google Scholar
  • Becker GM, DeGroot MH, Marschak J (1964) Measuring utility by a single-response sequential method. Behav. Sci. 9(3):226–232.CrossrefGoogle Scholar
  • Bénabou R, Tirole J (2002) Self-confidence and personal motivation. Quart. J. Econom. 117(3):871–915.CrossrefGoogle Scholar
  • Bénabou R, Tirole J (2003) Intrinsic and extrinsic motivation. Rev. Econom. Stud. 70(3):489–520.CrossrefGoogle Scholar
  • Busenitz LW, Barney JB (1997) Differences between entrepreneurs and managers in large organizations: Biases and heuristics in strategic decision-making. J. Bus. Venturing 12(1):9–30.CrossrefGoogle Scholar
  • Camerer C, Lovallo D (1999) Overconfidence and excess entry: An experimental approach. Amer. Econom. Rev. 89(1):306–318.CrossrefGoogle Scholar
  • Cohen WM, Levinthal DA (1989a) Innovation and learning: The two faces of R&D. Econom. J. 99(397):569–596.Google Scholar
  • Cohen WM, Levinthal DA (1989b) The implications of spillovers for R&D investment and welfare: A new perspective. Al Link, Smith K, eds. Advances in Applied Microeconomics: The Factors Affecting Technological Change, Vol. 5 (JAI Press, Greenwich, CT), 29–45.Google Scholar
  • Cooper AC, Woo CY, Dunkelberg WC (1988) Entrepreneurs' perceived chances for success. J. Bus. Venturing 3(2):97–108.CrossrefGoogle Scholar
  • Dawes RM (1989) Statistical criteria for establishing a truly false consensus effect. J. Experiment. Soc. Psych. 25(1):1–17.CrossrefGoogle Scholar
  • Gans JS, Stern S (2003) The product market and the market for ideas: Commercialization strategies for technology entrepreneurs. Res. Policy 32(2):333–350.CrossrefGoogle Scholar
  • Granovetter M (1995) The economic sociology of firms and entrepreneurs. Portes A ed. The Economic Sociology of Immigration (Russell Sage Foundation, New York), 128–165.Google Scholar
  • Hoch SJ (1987)Perceived consensus and predictive accuracy: The pros and cons of projection. J. Personality Soc. Psych. 53(2):221–234.CrossrefGoogle Scholar
  • Hodgkinson GP, Bown NJ, Maule AJ, Glaister KW, Pearman AD (1999) Breaking the frame: An analysis of strategic cognition and decision making under uncertainty. Strategic Management J. 20(10):977–985.CrossrefGoogle Scholar
  • Hoelzl E, Loewenstein G (2005) Wearing out your shoes to prevent someone else from stepping into them: Anticipated regret and social takeover in sequential decisions. Organ. Behav. Human Decision Processes 98(1):15–27.CrossrefGoogle Scholar
  • Hsee CK, Loewenstein G, Blount S, Bazerman MH (1999) Preference reversals between joint and separate evaluations of options: A review and theoretical analysis. Psych. Bull. 125(5):576–590.CrossrefGoogle Scholar
  • Keh HT, Foo MD, Lim BC (2002) Opportunity evaluation under risky conditions: The cognitive processes of entrepreneurs. Entrepreneurship Theory Practice 27(2):125–148.CrossrefGoogle Scholar
  • Klepper S (2007) Disagreements, spinoffs, and the evolution of Detroit as the capital of the U.S. automobile industry. Management Sci. 53(4):616–631.LinkGoogle Scholar
  • Klepper S, Thompson P (2010) Disagreements and intra-industry spinoffs. Internat. J. Indust. Organ. 28(5):526–538.CrossrefGoogle Scholar
  • Kruger J (1999) Lake Wobegon be gone! The “below-average effect” and the egocentric nature of comparative ability judgments. J. Personality Soc. Psych. 77(2):221–232.CrossrefGoogle Scholar
  • Kruger J, Dunning D (1999) Unskilled and unaware of it: How difficulties in recognizing one’s own incompetence lead to inflated self-assessment. J. Personality Soc. Psych. 77(6):1121–1134.CrossrefGoogle Scholar
  • Kruger J, Wirtz D, Van Boven L, Altermatt TW (2004) The effort heuristic. J. Experiment. Soc. Psych. 40(1):91–98.CrossrefGoogle Scholar
  • Lieberman MB (2007) Did first-mover advantage survive the dot-com crash? Working paper, Anderson School of Management, University of California, Los Angeles, Los Angeles.Google Scholar
  • Lieberman MB, Asaba S (2006) Why do firms imitate each other? Acad. Management Rev. 31(2):366–385.CrossrefGoogle Scholar
  • Loomes G, Sugden R (1982) Regret theory: An alternative theory of rational choice under uncertainty. Econom. J. 92(386):805–824.Google Scholar
  • Malmendier U, Tate G (2005) CEO overconfidence and corporate investment. J. Finance 60(6):2661–2700.CrossrefGoogle Scholar
  • Masnick M (2008) Ideas are easy, execution is difficult. Techdirt (May 15), https://www.techdirt.com/articles/20080514/0336421112.shtml.Google Scholar
  • Moore DA, Cain DM (2007) Overconfidence and under-confidence: When and why people underestimate (and overestimate) the competition. Organ. Behav. Human Decision Processes 103(2):197–213.CrossrefGoogle Scholar
  • Moore DA, Healy PJ (2008) The trouble with overconfidence. Psychological Rev. 115(2):502–517.CrossrefGoogle Scholar
  • Moore DA, Small DA (2007) Error and bias in comparative judgment: On being both better and worse than we think we are. J. Personality Soc. Psych. 92(6):972–989.CrossrefGoogle Scholar
  • Norton MI, Mochon D, Ariely D (2012) The IKEA effect: When labor leads to love. J. Consumer Psych. 22(3):453–460.CrossrefGoogle Scholar
  • Salovey P, Rodin J (1984) Some antecedents and consequences of social-comparison jealousy. J. Personality Soc. Psych. 47(4):780–792.CrossrefGoogle Scholar
  • Sarason Y, Dean T, Dillard JF (2006) Entrepreneurship as the nexus of individual and opportunity: A structuration view. J. Bus. Venturing 21(2):285–305.Google Scholar
  • Simmons JP, Nelson LD, Simonsohn U (2011) False-positive psychology: Undisclosed flexibility in data collection and analysis allows presenting anything as significant. Psych. Sci. 22(11):1359–1366.CrossrefGoogle Scholar
  • Simonsohn U, Karlsson N, Loewenstein G, Ariely D (2008) The tree of experience in the forest of information: Overweighting experienced relative to observed information. Games Econom. Behav. 62(1):263–286.CrossrefGoogle Scholar
  • Spence MA (1984) Cost reduction, competition, and industry performance. Econometrica 52(1):101–121.CrossrefGoogle Scholar
  • Tesser A (1988) Toward a self-evaluation maintenance model of social behavior. Berkowitz L, ed. Advances in Experimental Social Psychology, Vol. 21 (Academic Press, San Diego), 181–227.CrossrefGoogle Scholar
  • Tobin J (1958) Estimation of relationships for limited dependent variables. Econometrica 26(1):24–36.CrossrefGoogle Scholar
  • Zeelenberg M (1999) Anticipated regret, expected feedback, and behavioral decision making. J. Behav. Decision Making 12(2):93–106.CrossrefGoogle Scholar
  • Zeelenberg M, Beattie J, van der Pligt J, de Vries NK (1996) Consequences of regret aversion: Effects of expected feedback on risky decision making. Organ. Behav. Human Decision Processes 65(2):148–158.CrossrefGoogle Scholar
  • Ziegler CA (1985) Innovation and the imitative entrepreneur. J. Econom. Behav. Organ. 6(2):103–121.CrossrefGoogle Scholar
INFORMS site uses cookies to store information on your computer. Some are essential to make our site work; Others help us improve the user experience. By using this site, you consent to the placement of these cookies. Please read our Privacy Statement to learn more.