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Entrepreneurial action as human action: Sometimes judgment-driven, sometimes not

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  • Hunt, Richard A.
  • Lerner, Daniel A.

Abstract

This article elaborates on a lively and rapidly evolving conversation central to entrepreneurship: the underpinnings of entrepreneurial action. In particular, we respond to a critique published in this journal by Brown, Packard, and Bylund (BPB), in which they argue that all EA is based on intendedly-rational judgment. The empirical reality of rational, deliberative intentionality in entrepreneurship is beyond dispute and we have argued that behavioral logics do not simply supplant intendedly-rational ones. However, mounting evidence suggests that the wide-spectrum framework developed by Lerner, Hunt and Dimov – ranging from impulse-driven, a-rational action to deeply deliberative, rational action – offers a more veridical and useful perspective. Although BPB's critique succeeds in underscoring the exciting challenges facing entrepreneurship scholars; in our view, the critique largely relies on philosophical argumentation and definitional boundary-setting that are inconsistent with decades of scientific advancement in the psychological sciences. Given this, and recent empirical evidence from entrepreneurship scholars, we think it would be counter-productive to consider entrepreneurship as the sole domain of human activity completely circumscribed by rational judgment.

Suggested Citation

  • Hunt, Richard A. & Lerner, Daniel A., 2018. "Entrepreneurial action as human action: Sometimes judgment-driven, sometimes not," Journal of Business Venturing Insights, Elsevier, vol. 10(C), pages 1-1.
    • Handle: RePEc:eee:jobuve:v:10:y:2018:i:c:9
    DOI: 10.1016/j.jbvi.2018.e00102
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    Citations

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    Cited by:

    1. Hunt, Richard A. & Lerner, Daniel A. & Johnson, Sheri L. & Badal, Sangeeta & Freeman, Michael A., 2022. "Cracks in the wall: Entrepreneurial action theory and the weakening presumption of intended rationality," Journal of Business Venturing, Elsevier, vol. 37(3).
    2. Warnick, Benjamin J. & Kier, Alexander S. & LaFrance, Emily M. & Cuttler, Carrie, 2021. "Head in the clouds? Cannabis users' creativity in new venture ideation depends on their entrepreneurial passion and experience," Journal of Business Venturing, Elsevier, vol. 36(2).
    3. Wim Van Lent & Richard A. Hunt & Daniel A. Lerner, 2023. "Historiography and the excavation of nascent business venturing," Small Business Economics, Springer, vol. 61(1), pages 285-303, June.
    4. Packard, Mark D. & Bylund, Per L., 2021. "From homo economicus to homo agens: Toward a subjective rationality for entrepreneurship," Journal of Business Venturing, Elsevier, vol. 36(6).
    5. Brian C. Gunia & J. Jeffrey Gish & Mona Mensmann, 2021. "The Weary Founder: Sleep Problems, ADHD-Like Tendencies, and Entrepreneurial Intentions," Entrepreneurship Theory and Practice, , vol. 45(1), pages 175-210, January.
    6. Hunt, Richard A. & Townsend, David M. & Lerner, Daniel A. & Brownell, Katrina M., 2024. "Pivot, persist or perish? Knowledge problems and the extraordinarily tight boundary conditions of entrepreneurs as scientists," Journal of Business Venturing Insights, Elsevier, vol. 21(C).
    7. Daniel A. Lerner & Lars Alkærsig & Markus A. Fitza & Carina Lomberg & Stefanie K. Johnson, 2021. "Nothing Ventured, Nothing Gained: Parasite Infection is Associated with Entrepreneurial Initiation, Engagement, and Performance," Entrepreneurship Theory and Practice, , vol. 45(1), pages 118-144, January.
    8. Hunt, Richard A. & Lerner, Daniel A. & Ortiz-Hunt, Avery, 2022. "Lassie shrugged: The premise and importance of considering non-human entrepreneurial action," Journal of Business Venturing Insights, Elsevier, vol. 17(C).
    9. Indu Khurana & Daniel J. Lee, 2023. "Gender bias in high stakes pitching: an NLP approach," Small Business Economics, Springer, vol. 60(2), pages 485-502, February.
    10. Kurdoglu, Rasim Serdar & Lerner, Daniel & Ates, Nufer Yasin, 2022. "Unsticking the rationality stalemate: Motivated reasoning, reality, and irrationality," Journal of Business Venturing Insights, Elsevier, vol. 18(C).
    11. Schwarte, Ying & Song, Yue & Hunt, Richard A. & Lohrke, Franz T., 2023. "Passion as process: Three perspectives on entrepreneurial passion and an integrated path forward," Journal of Business Research, Elsevier, vol. 156(C).
    12. Abolghasem Arabiun & Niloofar Salajegheh & Zeynab Aeeni & Armin Khaleghi Forghani, 2023. "Trends and patterns in entrepreneurial action research: a bibliometric overview and research agenda," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 13(1), pages 1-17, December.

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