Why entrepreneurs tend to be more influenced by an overconfidence bias

4 min read

“So, why entrepreneurs tend to be more influenced by an overconfidence bias than non-entrepreneurs?”

We must then acknowledge that overconfidence is of interest when it comes to the initial decision of starting a new company. Those who have the courage to start new ventures are those who most overrate their abilities relatively to others’. And it is a good thing so it forces the entrepreneur to move forward with his/her project.

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Source: The Impact Of The Overconfidence Bias – The Post-Grad Survival Guide – Medium