Risk aversion, downside risk aversion, and the transition to entrepreneurship

dc.contributor.author	Bonilla, Claudio A.
dc.contributor.author	Vergara, Marcos
dc.date.accessioned	2021-08-12T15:36:14Z
dc.date.available	2021-08-12T15:36:14Z
dc.date.issued	2020
dc.description.abstract	In this paper, we discuss the transition from secure employment to risky selfemployment (entrepreneurship) caused by a small increase in wealth. Building on the apportioning risk literature, we prove that the transition from secure employment to risky entrepreneurship is based on a measure of the difference between the strength of downside risk aversion and the strength of risk aversion. This result highlights the idea that using the behavioral approach of risky lotteries to study entrepreneurship can produce different results from the traditional economic theory of entrepreneurship, which can have policy implications that must be considered with caution.	es
dc.identifier.citation	Theory and Decision, 2021, vol.91:123–133	es
dc.identifier.uri	https://doi.org/10.1007/s11238-020-09786-w	es
dc.identifier.uri	http://hdl.handle.net/11447/4296
dc.language.iso	en	es
dc.subject	Apportioning risk	es
dc.subject	Entrepreneurship	es
dc.subject	Downside risk aversion	es
dc.title	Risk aversion, downside risk aversion, and the transition to entrepreneurship	es
dc.type	Article	es

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