Current Readings and Review Comments on Previous Readings
Currently reading;
24/7 Innovation - Shapiro
Gavetti-2012-ACMA-The behavioral theory of the firm
Enhanced External Counterpulsation;
1. EECP-Cerebral blood flow
2. EECP-Chronic angina pectoris
3. EECP-Effects on blood pressure
4. EECP-Coronary artery disease and associated ED
5. EECP-Metabolic supplimentation improves myocardial function
6. EECP-Efficacy and safety of EECP for patients with PAD
Anderson-2010-Entrepreneurship and technology
Cunningham-RAIN
Rideout-2012-Bounded rationality on the supply side of entreapreneurship
Thinking Fast and Slow-Kahneman
fairly-2011-Kauffman index of entrepreneurial activity
Kahneman-1972-Judgement under uncertainty
ITM366 Class Readings
1. S22-Lehrer-2012-WSJ-How to be creative
2. S22-Sobol-2012-Innovation is about arguing not brainstorming 3. S22Penenberg-2012 A challenge to Apple to think differently
Gavetti-2012-ACMA-The behavioral theory of the firm
Enhanced External Counterpulsation;
1. EECP-Cerebral blood flow
2. EECP-Chronic angina pectoris
3. EECP-Effects on blood pressure
4. EECP-Coronary artery disease and associated ED
5. EECP-Metabolic supplimentation improves myocardial function
6. EECP-Efficacy and safety of EECP for patients with PAD
Anderson-2010-Entrepreneurship and technology
Cunningham-RAIN
Rideout-2012-Bounded rationality on the supply side of entreapreneurship
Thinking Fast and Slow-Kahneman
fairly-2011-Kauffman index of entrepreneurial activity
Kahneman-1972-Judgement under uncertainty
ITM366 Class Readings
1. S22-Lehrer-2012-WSJ-How to be creative
2. S22-Sobol-2012-Innovation is about arguing not brainstorming 3. S22Penenberg-2012 A challenge to Apple to think differently
Review comments on recent readings;
1. Saranda, F. (2010). The unobserved returns to entrepreneurship. Economics Working Papers. Information provided in collaboration with the RePEc Project: http://repec.org. Dept. of Economics. University of California. San Diego. Retrieved from http://www.escholarship.org/uc/item/04b3p1p0
Saranda addresses the fact that many studies have shown that entrepreneurs show lower incomes that equivalent wage earners. A rational entrepreneur should consider the wage income alternative as an opportunity cost of self employment and if the cost is higher than the choice of self-employment then the potential entrepreneur should choose to remain wage-employed. The fact that entrepreneurs still choose self-employment raises the question of why. Sarada's study reveals that consumption data shows that entrepreneurs out-consume their wage-earning counterparts thereby implying that entrepreneurs may be under reporting income or using their firm to cover expenses that would be paid for personally by wage earners.
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Saranda addresses the fact that many studies have shown that entrepreneurs show lower incomes that equivalent wage earners. A rational entrepreneur should consider the wage income alternative as an opportunity cost of self employment and if the cost is higher than the choice of self-employment then the potential entrepreneur should choose to remain wage-employed. The fact that entrepreneurs still choose self-employment raises the question of why. Sarada's study reveals that consumption data shows that entrepreneurs out-consume their wage-earning counterparts thereby implying that entrepreneurs may be under reporting income or using their firm to cover expenses that would be paid for personally by wage earners.
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