Financing and Advising with (Over)Confident Entrepreneurs: An Experimental Investigation
نویسندگان
چکیده
منابع مشابه
Policy Options for Equity Financing for Rural Entrepreneurs, Main Streets of Tomorrow: Growing and Financing Rural Entrepreneurs
limited access to financing from venture capitalists. Of this situation, there is widespread evidence and agreement. There is not, however, agreement as to the principal reasons why entrepreneurs in rural areas have difficulty in acquiring equity capital for new business start-ups and expansions. On the one hand, some suggest (e.g., Florida and Kenney, 1988) that few venture capital investments...
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Speculating against an overconfident market*
We distinguish two components of self-confidence in a financial market: private confidence measures the self-confidence level of speculators, while public confidence measures the confidence level they attribute to their competitors. We then study how independent changes in these components affect the equilibrium trading strategies. We conduct the analysis in a financial market with imperfect co...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2015
ISSN: 1556-5068
DOI: 10.2139/ssrn.2609297