Summary: Samenvatting Artikelen
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1 Lecture 1
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Arbitrage and the bearing of risk and uncertainty
Cantillon, 1755, Kirzner, 1973, 1985, Knight, 1921 -
Co-ordination of factors of production
Say, 1928, Casson, 2003 -
2 Lecture 2
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Big five: Extraversion
Describes the extent to which people are assertive, dominant, energetic, active, talkative, and enthusiastic -
Big five: Openness to Experience
Is a personality dimension that characterizes someone who is intellectually curious and tends to seek new experiences and explore novel ideas -
Big five: Agreeableness
Assesses one's interpersonal orientation. Individuals high on agreeableness can be characterized as trusting, forgiving, caring, altruistic and gullible. -
Big five: Conscientiousness
Indicates an individuals degree of organization, persistence, hard work and motivation in the pursuit of goal accomplishment -
Big five: critiques
Task specific traits are criterion validated: starting a business venturen, running a business venture succesfully -
Ajzen's theory of planned behaviour
- Attitude: the belief that a behavior will lead to a particular outcome * the value of the outcome
- Subjective norm: perceived beliefs of important others * the degree to which one complies to these important others
- Perceived behavioral control: belief about factors that make behavior feasible (resources, skills) * evaluation of whether one has access to these factors -
3 Lecture 3
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What is entrepreneurship according to Shane and Venkataraman, 2000?
The recognition and exploitation of opportunities -
Austrian (information based) approach
- Markets try to achieve equilibrium from no equilibrium conditions
- People process different information
- People can not recognize all opportunities
- Information determines who becomes an entrepreneur
- Knowledge and discovery are driving forces of entrepreneurial action
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