The good, the bad, and the talented: Entrepreneurial talent and selfish behavior

Abstract

Abstract:Talent allocation models assume that entrepreneurially talented people are selfish and thus allocate into unproductive or even destructive activities if these offer the highest private returns. This paper experimentally analyzes selfish preferences of the entrepreneurially talented. We find that making a distinction between creative talent and business talent explains systematic differences in selfish behavior. Generally, both the less business talented and the more creative are more willing to forego private payoffs to avoid losses to others. A moderator analysis reveals that less creative individuals with business talent are significantly more selfish than all others, including the creative with business talent. This finding applies to both certain and risky payoffs with and without negative externalities. The paper makes a contribution to entrepreneurship research by qualifying the implications of talent allocation models and highlighting the importance of distinguishing between the two types of entrepreneurial talent. We also add to the field of experimental economics by advancing research on altruism under risk and with negative externalities.

Relación entre las prácticas de ocio significativas de la juventud y el emprendimiento social. El caso Think Big Jóvenes

“…Sin embargo, el grado de significatividad se encuentra de nuevo en el límite (,104), probablemente debido a la escasez de datos. A pesar de ello, los resultados son coherentes con la tesis de que quienes se embarcan en la aventura de poner en marcha proyectos de esta índole demuestran altos niveles de motivación intrínseca y de creatividad (Amabile, 1996;Weitzel et al, 2010), factores que también son determinantes para que una práctica de ocio sea seria y significativa (Stebbins, 2008). También reafirman la idea sostenida por Amabile (1996Amabile ( , 1997 sobre la importancia de la creatividad emprendedora y su relación indisociable con una alta motivación intrínseca.…”

Entrepreneurial activities and institutional environment in China

“…The launch of the Forbes China Rich List had generated an exogenous shock to stock For the future research, the role of performance consistency in entrepreneurial decision-making could be examined (Gompers et al, 2010), investigating whether a successful entrepreneur's greater possibility to succeed in new ventures would influence his business choices. Finally, a behavioral economic experiment, similar to that of Weitzel et al (2010), could be conducted to investigate the behavioral characteristics of listees and their selections between productive and unproductive entrepreneurial activities. Absolute values of t-statistics under estimated coefficients; * significant at 10%; ** significant at 5%; *** significant at 1%.…”

Untitled

“…Sin embargo, el grado de significatividad se encuentra de nuevo en el límite (,104), probablemente debido a la escasez de datos. A pesar de ello, los resultados son coherentes con la tesis de que quienes se embarcan en la aventura de poner en marcha proyectos de esta índole demuestran altos niveles de motivación intrínseca y de creatividad (Amabile, 1996;Weitzel et al, 2010), factores que también son determinantes para que una práctica de ocio sea seria y significativa . También reafirman la idea sostenida por Amabile (1996Amabile ( , 1997 sobre la importancia de la creatividad emprendedora y su relación indisociable con una alta motivación intrínseca.…”