“Researcher Brian Wu says they aren’t unusually risk tolerant. It’s ‘overconfidence in their ability’ that allows them to take the leap.
Just how much appetite for risk do entrepreneurs really have? That’s the question Wharton doctoral student Brian Wu began asking himself while examining their behavioral patterns. He found the general assumption to be that entrepreneurs are risk seekers — but the empirical evidence suggests that, surprisingly, they weren’t. But if entrepreneurs are more cautious than everyone presumes, then what accounts for their risk-bearing behavior?”
– I never felt that entrepreneurs had a greater tolerence of risk then the other guy. In fact I have always felt that entrepreneurs did everything that they could to mitigate and control risk. That being said, it looks like we are an overconfident bunch. I can handle that. I think confident people are happier and do more with their lives. Hey, that sounds like an entrepreneur to me! -ed.