Cognitive Opening and Closing: Toward an Exploration of the Mental World of Entrepreneurship

Welcome:
Guest

Advances in Austrian Economics

ISSN: 1529-2134
Series editor(s): Roger Koppl; Steven Horwitz

Subject Area: Economics

Content: Series Volumes | Current Volume RSS

Options: To add Favourites and Table of Contents Alerts please take a Emerald profile

Document Information:
Title:	Cognitive Opening and Closing: Toward an Exploration of the Mental World of Entrepreneurship
Author(s):	Thierry Aimar
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
Abstract:	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.