Risk Uncertainty And Profit

By Anna Papst. 2016

2,100 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/a0fe4333f75d79d71ac37d1a80b5b5a814d73130

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Citations in the corpus

Entrepreneurial Team Composition Characteristics and New Venture Performance: A Meta–Analysis (2017, unknown): “All industries experience a varying amount of uncertainty (Bygrave, 1988), that is, the degree to which the outcome of an event cannot be predicted (Knight, 1921).”
Bridging Behavioral Models and Theoretical Concepts: Effectuation and Bricolage in the Opportunity Creation Framework (2016, unknown): “The decision-making context in opportunity creation is that of Knightian uncertainty (Knight, 1921; Alvarez and Barney, 2007).”
The emergence of the knowledge spillover theory of entrepreneurship (2014, background): “Knoben et al. (2011) discuss the importance of agglomeration effects of incumbent firms for new firm formation.”
Risk Aversion and Guanxi Activities: A Behavioral Analysis of CEOs in China (2017, background): “A common notion is that entrepreneurial activities require a certain propensity to accept risk (Kihlstrom & Laffont, 1979; Knight, 1921(2006)).”
Macro-level determinants of formal entrepreneurship versus informal entrepreneurship (2014, unknown): “In another view, entrepreneurs are seen as arbitrageurs who balance supply and demand in the economy (Cantillon, 1959; Knight, 1971).”
How Do Risk Attitudes Differ within the Group of Entrepreneurs? The Role of Motivation and Procedural Utility (2015, unknown): “Going back to the early works of Knight in the 1920s (Knight 1921) and Kihlstrom and Laffont’s (1979) paper, the presence or absence of a low level of risk aversion is regarded as a factor that explains whether an individual chooses to become an entrepreneur or not.”
Aggregate and Firm-Level Stock Returns During Pandemics, in Real Time (2020, unknown): “Our findings suggest that investors, facing substantial uncertainty about the true economic fallout of this realized tail risk (Knight, 1921; Keynes, 1937), may be availing themselves of changes in daily case forecasts as a summary statistic for the ultimate scale and economic fallout of the…”
More is different ... and complex! the case for agent-based macroeconomics (2019, background): “More generally, in presence of genuine uncertainty (Knight, 1921; Keynes, 1936), “rational” agents should follow heuristics as they always outperform more complex expectation formation rules (Gigerenzer and Brighton, 2009).”
Effects of Schumpeterian and Kirznerian entrepreneurship on economic growth: panel data evidence (2017, background): “Riskcoping abilities were studied very early on as part of the defining characteristics of entrepreneurship (Jovanovic 1982; Kihlstrom and Laffont 1979; Kloosterman 2010; Knight 1921; Lucas 1978; Parker 1996, 1997).”
Expected Utility with Uncertain Probabilities Theory (2017, unknown): “This search can be viewed as having been started by Knight (1921) and enhanced with the Choquet expected utility (CEU) of Schmeidler (1989) and the max-min expected utility (MEU) of Gilboa and Schmeidler (1989) that distinguish ambiguity from risk.”
Decision making and uncertainty: The role of heuristics and experience in assessing a politically hazardous environment (2015, background): “Correspondingly, the probabilities of possible outcomes are unknowable at the time a decision is made, thereby leaving assessment to opinions and judgment, not rigorous analysis (Knight, 1921: 225).”
Uncertainty Types and Transitions in the Entrepreneurial Process (2017, background): “Uncertainty has long been recognized as a critical factor in entrepreneurship research (e.g. Knight 1921; Mises 1951).”
The Motivating-Uncertainty Effect: Uncertainty Increases Resource Investment in the Process of Reward Pursuit (2015, unknown): “An uncertain reward magnitude can mean either that the probability of the large reward is known between 0 and 1 or that the probability of the large reward is unknown (Knight 1921; Tversky and Fox 1995).”
Determinants of Cross-Border Venture Capital Investments in Emerging and Developed Economies: The Effects of Relational and Institutional Trust (2015, unknown): “The financing of innovation is surrounded by uncertainty, stemming mainly from incomplete information and a limited ability to interpret incomplete information (Knight 1921).”