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Entrepreneurs Don't Have an Optimism Bias (blogs.hbr.org)
9 points by smit 4502 days ago
1 comments
codex 4502 days ago
The high failure rates of startups suggest otherwise.
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cookingrobot 4502 days ago
Not so. The payoff of a successful startup is so high that it's often a good bet even with a high chance of failure.
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codex 4502 days ago
Expected value only enters the picture if you can play many, many times. It's more realistic to look at the median outcome, yet every entrepreneur is transfixed by the big exits. If that's not optimism I don't know what is.
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