Reconceptualization of entrepreneurial expertise: a multi-dimensional model

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Abstract

Knowledge about entrepreneurial expertise, how experts think and make decisions have progressed in the last decade. Despite this advancement, studies have difficulties in providing a general conceptual model of expertise that is empirically validated. We attribute these limitations to the lack of existing conceptualizations of entrepreneurial expertise to take into consideration the entrepreneur’s dual systems of information processing. Therefore, in this study, we advance a default-interventionist perspective of entrepreneurial expertise consisting of fast and slow-thinking expertise. We suggest that the two types of expertise coexist and interact during the decision-making process except in the decisions characterized by true uncertainty. Furthermore, taking into consideration that expertise is domain-specific, we suggest three broad sub-domains of entrepreneurial knowledge that are malleable to the specific sector in which an entrepreneur operates.
Original languageEnglish
Title of host publication2018 NeuroPsychoEconomics Conference Proceedings
EditorsCarlos Alós-Ferrer, Martin Reimann, Oliver Schilke
Place of PublicationWashington
PublisherAssociation for NeuroPsychoEconomics
Pages54
Publication statusPublished - 2018
Event14th Neuro Psycho Economics Conference: From behavior to processes: Perspectives from neuroscience, economics, and psychology - ZÜRICH Marriott Hotel, Zurich, Switzerland
Duration: 23 May 201824 Feb 2019
Conference number: 14

Conference

Conference14th Neuro Psycho Economics Conference
CountrySwitzerland
CityZurich
Period23/05/1824/02/19

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