Question
The subjective judgement of the amount of risk inherent in a situation
Differs between entrepreneurs and non-entrepreneurs
May explain why some people become entrepreneurs and others do not
When an entrepreneur pursues an opportunity that a non-entrepreneur would ignore or neglect, it may be due to the entrepreneur’s perception of a positive outcome rather than a difference in the predisposition towards risk
summarise in point form bulletin
Differs between entrepreneurs and non-entrepreneurs
May explain why some people become entrepreneurs and others do not
When an entrepreneur pursues an opportunity that a non-entrepreneur would ignore or neglect, it may be due to the entrepreneur’s perception of a positive outcome rather than a difference in the predisposition towards risk
summarise in point form bulletin
Answers
GPT-4o mini
- **Subjective Judgment of Risk:**
- Entrepreneurs and non-entrepreneurs perceive risk differently.
- **Impact on Entrepreneurship:**
- This difference in risk perception may help explain why some individuals choose to become entrepreneurs while others do not.
- **Opportunity Recognition:**
- Entrepreneurs often pursue opportunities that non-entrepreneurs might overlook or dismiss.
- **Perception of Outcomes:**
- The decision to pursue an opportunity may stem from the entrepreneur's perception of a positive outcome, rather than just a difference in risk tolerance.
- Entrepreneurs and non-entrepreneurs perceive risk differently.
- **Impact on Entrepreneurship:**
- This difference in risk perception may help explain why some individuals choose to become entrepreneurs while others do not.
- **Opportunity Recognition:**
- Entrepreneurs often pursue opportunities that non-entrepreneurs might overlook or dismiss.
- **Perception of Outcomes:**
- The decision to pursue an opportunity may stem from the entrepreneur's perception of a positive outcome, rather than just a difference in risk tolerance.