Bonilla, Claudio A.Vergara, Marcos2021-08-122021-08-122020Theory and Decision, 2021, vol.91:123–133https://doi.org/10.1007/s11238-020-09786-whttp://hdl.handle.net/11447/4296In 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.enApportioning riskEntrepreneurshipDownside risk aversionArticle