Characterizing Entrepreneurs in Denmark
To understand how Danish small business entrepreneurs respond to government policy one has to know their risk and time preferences, and if they possess an optimistic bias with respect to their own ability. Are they risk averse, or have high discount rates, such that they are hard to motivate? Are they overconfident in their own abilities that leads to excess entry into markets? If so, are male entrepreneurs less risk averse, have higher discount rates, and exhibit greater confidence than women? We propose conducting a set of field experiments in Denmark that will allow a direct characterization of small business entrepreneurs in terms of these traits.
and You can read the final Journal article Risk Aversion in Game Shows, Research in Experimental Economics, Volume 12, 2007, Steffen Andersen, Glenn W. Harrison, Morten Igel Lau & Elisabet E. Rutström here