I remember this mentioned in entrepreneur research by Kaufmann Fdn. but likely wasn't their study.
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Conclusion was entrepreneurs aren't more risk tolerant than average, just overconfident.
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The problem is that it's not a static condition. It especially changes with groups- here are a bunch of papers on it: https://scholar.google.com/scholar?hl=en&as_sdt=0%2C14&q=%22risky+shift%22&btnG= …
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Folks not wanting to go down the rabbit hole here's the quick version: The risks you're willing to take on your own aren't the same risks you're willing to take when you're with a group. Someone very conservative in their risk taking can be pulled "riskier" within a group.
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You should make it! We can always use another personality test.
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does this not reduce to conscientiousness?
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I like to think that people have varying degrees of ambiguity tolerance and preferred level of chaos: - Min Chaos before snap (nervous energy need to do anything) - Optimal Chaos level (flow state) - Max Chaos before snap (anxiety energy needs order and control)
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In this context the organization man may be depressed or happy. Entrepreneurs probably have higher Chaos preference - and so they don’t “seek risk” as much as need more volatility.
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i am on three levels underqualified to answer this, but for my own curiosity: what is risk?
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