L2

Question 1

Explainations on why certain personalities are connected to entrepreneurs

Answer 1

Some like that type of emplyment more
Outside agents favour certain traits
Some think entrepreneural activities are more fulfilling and persist longer

Question 2

What five traits is talked about in “The big five personality dimensions and entrepreneurial status”

Answer 2

• Neuroticism (emotional stability
• Extraversion
• Openness to experience (seeking new things)
• Agreeableness
• Conscientiousness (achievement motivation+dependability)

Question 3

What conclusion can be drawn form “The big five personality dimensions and entrepreneurial status”?

Answer 3

Entrepreneurs score higher on conscientiousness and openness to experience, lower in agreeableness and neuroticism (extraversion no correlation)
Traits play a role but is not everything!

Question 4

Sumarize “Entrepreneurship” by Edward Lazear

Answer 4

People who are skilled balanced are more likely to become an entrepreneur because it require that you can combine resources, people
(explanation that variation in background makes you more ready or individual have chosen variation to become ready)

Question 5

Critique on “entrepreneurship”

Answer 5

what about opportunities?
Omitted variable = financial situation?
Impatient people might want to change jobs often and therefore they become entrepreneur