Danny Taggart's Blogarama

A more-or-less daily dose of news, politics, techmology, and any random thoughts that pass through my head.

Wednesday, February 02, 2005

Your overconfidence is your weakness

People usually refer to entrepreneurs as "risk-takers", likening them to gamblers. However, a doctoral student at Wharton says his research shows that entrepreneurs' real motivation is their ego. While they may be as risk-averse (or more so) as the norm, their overconfidence in their abilities leads them to take unconscious risks. I guess Ayn Rand was right, sort of. (From BusinessWeek, via Business Opportunities Weblog),