Series editor(s): Roger Koppl; Virgil Storr
Subject Area: Economics
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|Title:||Cognitive Opening and Closing: Toward an Exploration of the Mental World of Entrepreneurship|
|Volume:||15 Editor(s): Leslie Marsh ISBN: 978-1-78052-398-9 eISBN: 978-1-78052-399-6|
|Citation:||Thierry Aimar (2011), Cognitive Opening and Closing: Toward an Exploration of the Mental World of Entrepreneurship, in Leslie Marsh (ed.) Hayek in Mind: Hayek's Philosophical Psychology (Advances in Austrian Economics, Volume 15), Emerald Group Publishing Limited, pp.241-257|
|DOI:||10.1108/S1529-2134(2011)0000015017 (Permanent URL)|
|Publisher:||Emerald Group Publishing Limited|
|Article type:||Chapter Item|
Purpose – To define the links between cognition and entrepreneurial behavior by highlighting the problem of complexity in the difficult trade-off between discovery of new opportunities and exploitation of current opportunities.
Methodology/approach – To interrelate Austrian tools (Hayek, Kirzner, Lachmann) with lessons from experimental economics.
Research limitations and implications – This contribution enters the world of entrepreneurship to show where the mental rigidities opposing discoveries lie.
Originality/value of paper – To use experimental economics to widen our understanding of entrepreneurship and invite the Austrian scholars to imagine other protocols that might deepen the analysis.
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