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The Strategic Advantage of Impulsivity in Entrepreneurial Action: An Agent-Based Modeling Approach

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dc.contributor.authorBort, James
dc.contributor.authorWiklund, Johan
dc.contributor.authorCrawford, Christopher
dc.contributor.authorLerner, Daniel
dc.contributor.authorHunt, Richard
dc.contributor.rorhttps://ror.org/02jjdwm75
dc.date.accessioned2025-01-28T12:06:16Z
dc.date.available2025-01-28T12:06:16Z
dc.date.issued2023-06-08
dc.description.abstractOur study extends and enhances entrepreneurial action theory (EAT) by considering the strategic advantage or disadvantage of impulsive action. To date, EAT has largely sidestepped the role of dispositional impulsivity, limiting its veridicality and inclusivity. Popularized notions of celebrity entrepreneurs and an increasingly large body of empirical research on the prevalence of impulsivity have inspired a reassessment of what drives entrepreneurs. Looking beyond both the anecdotes and well-established prevalence of impulsivity, we develop and illustrate a novel theory concerning the fate of impulsive nascent entrepreneurs who are wired for nondeliberative, less-calculative action. We use an agent-based model and conduct simulation-based experiments involving 2.7 million virtual entrepreneurs to identify and explicate the specific conditions under which impulsivity does or does not generate strategic advantage. Accordingly, we contribute a broader and deeper theorization of EAT, taking notable steps toward the inclusion of nontraditional entrepreneurs and the varied impacts of impulsive action in this domain’s evolving conception of new venture emergence.
dc.description.peerreviewedyes
dc.description.statusPublished
dc.formatapplication/pdf
dc.identifier.citationBort, J., Wiklund, J., Crawford, G. C., Lerner, D. A., & Hunt, R. A. (2024). The strategic advantage of impulsivity in entrepreneurial action: An agent-based modeling approach. Entrepreneurship Theory and Practice, 48(2), 547-580. https://doi.org/10.1177/10422587231178882
dc.identifier.doihttps://doi.org/10.1177/10422587231178882
dc.identifier.issn1540-6520
dc.identifier.urihttps://hdl.handle.net/20.500.14417/3489
dc.issue.number2
dc.journal.titleEntrepreneurship Theory and Practice
dc.language.isoen
dc.page.final580
dc.page.initial547
dc.page.total33
dc.publisherSage Journals
dc.relation.departmentEntrepreneurship
dc.relation.entityIE University
dc.relation.schoolIE Business School
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 International
dc.rights.accessRightsinfo:eu-repo/semantics/openAccess
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/deed.en
dc.subject.keywordExperimental methods/simulation
dc.subject.keywordResearch methods
dc.subject.keywordSpecialty areas
dc.subject.keywordStart-up
dc.subject.keywordNew ventures
dc.subject.keywordPsychology
dc.subject.keywordGeneral areas
dc.titleThe Strategic Advantage of Impulsivity in Entrepreneurial Action: An Agent-Based Modeling Approach
dc.typeinfo:eu-repo/semantics/article
dc.version.typeinfo:eu-repo/semantics/acceptedVersion
dc.volume.number48
dspace.entity.typePublication
relation.isAuthorOfPublication771275c4-1309-481f-b6d5-81a9768236e9
relation.isAuthorOfPublication.latestForDiscovery771275c4-1309-481f-b6d5-81a9768236e9
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