There is a growing body of evidence that many entrepreneurs seem to enter and persist in entrepreneurship despite earning low risk-adjusted returns. This has lead to attempts to provide explanation...
Astebro, Thomas, Holger Herz, Ramana Nanda, and Roberto A. Weber. 2014. JPE: how behavioral economics might shed light on entrepreneurship.
Illustration by Jon BerkerlyOF ALL the economic bubbles that have been pricked, few have burst more spectacularly than the reputation of economics itself. A few years ago, the dismal science was be...
And how the discipline should change to avoid the mistakes of the past ——From the Economist
A SIMPLE idea underpins science: “trust, but verify”. Results should always be subject to challenge from experiment. That simple but powerful idea has generated a vast body of knowledge. Since its ...
Scientific research has changed the world. Now it needs to change itself ——From The Economist