Habitual Entrepreneurs Experiencing Failure: Overconfidence and the Motivation to Try Again

Abstract

Although it has been argued that overconfidence can lead to failure (Hayward et al., forthcoming), business failure can undermine assumptions about the self that are integral to (1) confidence in one's decision-making accuracy and (2) the motivation to engage in tasks.

Citation

Ucbasaran, D., Westhead, P. and Wright, M. (2006), "Habitual Entrepreneurs Experiencing Failure: Overconfidence and the Motivation to Try Again", Wiklund, J., Dimov, D., Katz, J.A. and Shepherd, D.A. (Ed.) Entrepreneurship: Frameworks And Empirical Investigations From Forthcoming Leaders Of European Research (Advances in Entrepreneurship, Firm Emergence and Growth, Vol. 9), Emerald Group Publishing Limited, Leeds, pp. 9-28. https://doi.org/10.1016/S1074-7540(06)09002-7