formation of new firms in former socialist countries. For this purpose Kirzner's theory of costless entrepreneurship is reviewed …

Overconfidence has been proposed as an explanation for excess market entry by entrepreneurs and low returns in … methodological challenges, we use a measure of overconfidence that employs self-reports of life expectancy. These self-reports are … two findings in combination offer evidence that overconfident individuals self- select into entrepreneurship. …

We investigate whether overconfidence is affected by superstitious beliefs and whether the effect is heterogeneous … overconfidence is positively affected by being assigned to a lucky number. Interestingly, males and females react differently …: females’ overconfidence tends to be negatively affected when assigned to unlucky numbers, while they are not affected by being …