Conventional wisdom suggests that optimism should be positively associated with risk taking. However, this has hardly been directly tested in the laboratory. In this paper, we report an experiment regarding risk perception and risk taking. Our data supports the hypothesis that two sufficient...

In this research were investigated the three most frequently studied characteristics of entrepreneurs - motivation, self-efficacy, and risk attitudes. We divided the sample of entrepreneurs into two subgroups: opportunity-driven vs. necessity-driven. In agreement with findings of research...