Entrepreneurial team's risk-based decision-making: A dynamic game analysis

被引:11
|
作者
Xie Kefan [1 ]
Gang, Chen [1 ]
Wu, Desheng Dash [2 ]
Luo, Cuicui [2 ]
Qian, Wu [1 ]
机构
[1] Wuhan Univ Technol, Sch Management, Wuhan, Peoples R China
[2] Univ Toronto, Risklab, Toronto, ON M5S 1A1, Canada
关键词
Risk-based decision-making (RBDM); Learning mechanism; Opportunity perception (OP); Risk perception (RP); Risk decision-learning;
D O I
10.1016/j.ijpe.2011.03.027
中图分类号
T [工业技术];
学科分类号
08 ;
摘要
It is well-known that some cognitive factors such as opportunity perception and risk perception influence entrepreneurial risk-based decision-making (RBDM). This paper proposes some rules of entrepreneur's risk decision-learning to address this RBDM taking cognitive factors into consideration. The learning mechanisms of entrepreneurial team's RBDM is derived based on entrepreneur's perception evolution. The paper employs a system dynamics model to analyze the entrepreneurial team's risk decision-learning. A case study is conducted to demonstrate the entrepreneurial RBDM process with cognitive factors. (C) 2011 Elsevier B.V. All rights reserved.
引用
收藏
页码:78 / 86
页数:9
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