Abstract
When technology advancements meet entrepreneurship, market novelties are created over time and turned into start-ups: high-expectation start-ups—firms launched by ‘high-expectation’ entrepreneurs with the intention of growing them significantly (Box 1). These firms pursue the commercialization of innovative new processes, products, or services.
There is no such thing as a failed experiment, only experiments with unexpected outcomes.
Richard Buckminster Fuller, American engineer and architect, 1895–1983
It doesn’t matter how beautiful your theory is, it doesn’t matter how smart you are. If doesn’t agree with experiment, it’s wrong.
Richard Feynman, American theoretical physicist, 1918–1988
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Stam, E., Suddle, K., Hessels, S., Jolanda, A., & van Stel, A. J. (2007). High growth entrepreneurs, public policies and economic growth. Jena Economic Research Paper, No 2007-019, School of Business and Economics, Jena: Friedrich-Schiller University.
Drucker, P. (1993). Innovation and entrepreneurship. New York: Collins.
Baldwin, E., & Curley, M. (2007). Managing IT innovation for business value. Santa Clara: Intel Press.
Thompson, J. (1999). The world of the entrepreneur: A new perspective. Journal of Workplace Learning, 11(6), 209–224.
Stark, D. (2009). The sense of dissonance: Accounts of worth in economic life. Princeton: Princeton University Press.
Hayek, F. A. (1944). The road to serfdom (ARK edn, 1986). London: Routledge and Kegan Paul.
Simon, H. (1957). A behavioral model of rational choice. In Models of man, social and rational: Mathematical essays on rational human behavior in a social setting. New York: Wiley.
Reeves, M., Sahla, H., & Bokkering, M. (2010). Simulation advantage. Boston: BCG Perspectives.
Mtigwe, B. (2006). Theoretical milestones in international business: The journey to international entrepreneurship theory. Journal of International Entrepreneurship, 4(1), 5–26.
Formica, P. (2005). The argument for international entrepreneurship in the knowledge economy. In Structural change in Europe 4: Entrepreneurial spirit in cities and regions, Bollschweil: Hagbarth.
McGrath, R. G. & MacMillan, I. (1995). Discovery driven planning. Harvard Business Review, 73(4), 44–54.
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2013 Springer International Publishing Switzerland
About this chapter
Cite this chapter
Curley, M., Formica, P. (2013). Laboratory Experiments as a Tool in the Empirical Economic Analysis of High-Expectation Entrepreneurship. In: Curley, M., Formica, P. (eds) The Experimental Nature of New Venture Creation. Innovation, Technology, and Knowledge Management. Springer, Cham. https://doi.org/10.1007/978-3-319-00179-1_4
Download citation
DOI: https://doi.org/10.1007/978-3-319-00179-1_4
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-319-00178-4
Online ISBN: 978-3-319-00179-1
eBook Packages: Business and EconomicsBusiness and Management (R0)