The Economist and the Entrepreneur: Modernist Impulses in <i>Risk, Uncertainty, and Profit</i>

Emmett, Ross B.

doi:10.1215/00182702-31-1-29

Cited by 34 publications

(10 citation statements)

References 16 publications

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“…Although entrepreneurs are able to tolerate uncertainty and ambiguity better than others (Emmett, 1999;Glennon et al, 1966;Begley and Boyd, 1987;Lambing and Kuehl, 2000;Endo and Harpel, 1982;Envick and Padmanabhan, 2006;Kahn, 2002;Kuh, 1994;1995;Pascarella, 1980;Pascarella and Terenzini, 1991;Wallace, 1967), to the best of our knowledge, there is no evidence that we are able to adequately measure whether the training they receive in colleges and universities add value in the real world.…”

Section: Introductionmentioning

confidence: 91%

A Practical Framework for the Continuous Advancement of Entrepreneurship Education

Farhat¹

2012

American Journal of Economics and Business Administration

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Problem statement: As the business environment becomes more and more complex due to rapid globalization, increasing competition and advancing technologies, universities are under more pressure to respond by providing students with experiential learning opportunities that mirror reality. In this study, we attempt to provide a better learning experience for students. Specifically, we provide a framework from a student learning perspective that improves our capability to determine what the goals and objectives should be for entrepreneurship education and how they could be modified or adjusted to maximize student learning experiences. Conclusion/Recommendations: We identify three distinct types of "zones" -the comfort zone, the learning zone and the panic zone to help identify appropriate activities to include in specific courses. It is a framework other universities can easily use to better understand and improve upon a specific entrepreneurship course and program offerings to help maximize student learning. Although this paper targets students in an entrepreneurship program, it is sufficiently general for utilization in other areas as well.

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Section: Introductionmentioning

confidence: 91%

A Practical Framework for the Continuous Advancement of Entrepreneurship Education

Farhat¹

2012

American Journal of Economics and Business Administration

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“…As Ross Emmett notes, the implications of Knight's RUP are profound: 'For the modern economist, bent on pursuing the science of economics to its limits, RUP presents a cognitive tragedy: in an open-ended universe, "the essential evil of uncertainty" is the impossibility of complete knowledge'. 42 The ramifications of Knight's work thus remain as pertinent today as when it was first published in 1921. It is, perhaps, in this light that we should adopt Knight's contributionsexploiting his keen insights into the analytical distinction between risk and uncertainty, mining his methods as a means of developing more sophisticated tools for assessing risk through the calculation of statistical probabilities, but ultimately being informed by the limitations of what we can reasonably expect to achieve under the weight of uncertainty.…”

Section: Notesmentioning

confidence: 96%

Theorising Risk and Uncertainty in International Relations

Jarvis

2011

International Relations

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Frank Knight was one of the twentieth century’s most illustrious economic thinkers. His writings and enquiry into the nature of method, theory and knowledge in relation to the activities of social actors, and under what circumstances and with what limitations we might adequately theorise social agency, bequeathed a rich tradition of theoretical and practical insight. Many of his writings centred on the issue of risk and uncertainty, how social actors anticipate the future and manage and mediate terrains of uncertainty and risk, and in doing so change the outcomes that obtain. Knight’s contributions essentially constructed a means for assessing and measuring risk in various facets of social activity, seeding insights which remain pertinent today. As the article notes, however, despite Knight’s insights and the methodological schema he constructed for probability analysis, remarkably few social sciences – including international relations – have mined his work. Ironically, much that we need to know to more effectively theorise and accommodate the conundrums of risk and uncertainty into social scientific methods Knight long ago handed down to us.

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“…A novice personal broadcaster is often not compensated for their video content or activities and research has found that, similarly to other social media content creation [7], personal broadcasting is primarily intrinsically motivated [31]. However, as the culture and the digital economy around this activity has developed, the possibilities to gain an income from the activity have increased and personal broadcasting has gained more entrepreneurial like characteristics such as a level of risk-taking [49] and ambiguity [50,51].…”

Section: Personal Broadcasting and Content Creationmentioning

confidence: 99%

Play, Playbour or Labour? The Relationships between Perception of Occupational Activity and Outcomes among Streamers and YouTubers

Törhönen¹,

Hassan²,

Sjöblom³

et al. 2019

Proceedings of the Annual Hawaii International Conference on System Sciences

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The increasing digitalization and gamification of different aspects of our lives has blurred the line between what we consider work and play. Therefore, our productivity may increasingly depend on how we negotiate and view our occupations and work. Through an online survey (n=382), this study examines the relationship between the perception of online video content creation as either work, play or equally as both, and the activities and income of these video content creators (streamers and YouTubers). The results indicate that those who view their content creation as work had the highest levels of activity and income, whereas those who associated their content creation with play, earned more income than those who regard their content creation equally as play and work. The results demonstrate the emergence of new forms of digital entrepreneurial practices in the workoriented group, but also the highlight the increasing workification of our play activities.

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The Economist and the Entrepreneur: Modernist Impulses in Risk, Uncertainty, and Profit

Cited by 34 publications

References 16 publications

A Practical Framework for the Continuous Advancement of Entrepreneurship Education

A Practical Framework for the Continuous Advancement of Entrepreneurship Education

Theorising Risk and Uncertainty in International Relations

Play, Playbour or Labour? The Relationships between Perception of Occupational Activity and Outcomes among Streamers and YouTubers

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