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Why do individuals want to be entrepreneurs?

In: Entrepreneurial Intention

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Abstract

This chapter argues that individuals want to maximise their personal wellbeing (also known as psychic utility) and choose entrepreneurial behaviour if it seems to promise the greatest perceived desirability and a sufficiently high perceived feasibility of success. These two main tenets of the theory of planned behaviour are discussed in detail, and self-regulation, overconfidence, optimism, and solo versus team entrepreneurship are also discussed in this context.

Suggested Citation

  • ., 2020. "Why do individuals want to be entrepreneurs?," Chapters, in: Entrepreneurial Intention, chapter 3, pages 34-53, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:18646_3
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    File URL: https://www.elgaronline.com/view/9781788975223.00011.xml
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    Cited by:

    1. Elizabeth Manning, 2021. "Effective Marginal Tax or Benefit? The Medicare Levy and Australian Defence Personnel," Economic Papers, The Economic Society of Australia, vol. 40(2), pages 167-172, June.

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