Driving Forces of Entrepreneurship; an Experimental Approach

Abstract

The experimental approach in whole economical science, despite of rising popularity, is highly uninvestigated. The obvious benefits of this kind of view are often overlook or substitute with more abstract mathematical way, sacrificing precise data for more elegant but sometimes too simplistic model. Thus in this paper we examine a dataset from experiment we designed to investigate the entrepreneurship phenomenon and its driving forces. We used a framework for identify entrepreneurship potential of participants base on the five-factor personality system theory of Costa & McCrae (1992) known as Big-Five. We were able to develop the experimental design, which was able to measure the overconfidence of participants and afterwards model the relationship between all Big-Five dimensions and measured overconfidence.