Architecture of Entrepreneurial Learning: Exploring the Link among Heuristics, Knowledge, and Action
Open Access
- 1 January 2009
- journal article
- Published by SAGE Publications in Entrepreneurship Theory and Practice
- Vol. 33 (1), 167-192
- https://doi.org/10.1111/j.1540-6520.2008.00285.x
Abstract
We extend existing theories of entrepreneurial learning and highlight the effects of heuristics under two different learning contexts: experiential learning and vicarious learning. Specifically, we argue that heuristics are consequential in explaining variations in learning. In some cases, heuristics can be highly adaptive and beneficial to the accumulation of knowledge. In others, they can distort judgments and bias learning. By considering linkages among heuristics, knowledge, and action, we seek to provide a more complete model of entrepreneurial learning that allows for examination of the influence of judgments on learning and to expose conditions that can benefit or limit effective action in an entrepreneurial setting.Keywords
This publication has 101 references indexed in Scilit:
- The Conflicting Cognitions of Corporate EntrepreneursEntrepreneurship Theory and Practice, 2007
- The Cognitive Substrate of Subjective Probability.Journal of Experimental Psychology: Learning, Memory, and Cognition, 2005
- Human capital and learning as a source of sustainable competitive advantageStrategic Management Journal, 2004
- The Influence of Egocentrism and Focalism on People's Optimism in Competitions: When What Affects Us Equally Affects Me More.Journal of Personality and Social Psychology, 2003
- Using Judgmental Anchors to Establish Challenging Self-Set Goals Without Jeopardizing CommitmentOrganizational Behavior and Human Decision Processes, 1997
- The Effect of Multiple Anchors on Anchoring in Individual and Group JudgmentOrganizational Behavior and Human Decision Processes, 1997
- Bias and Accuracy in Estimates of Task DurationOrganizational Behavior and Human Decision Processes, 1995
- Feedback Representation and Prediction StrategiesOrganizational Behavior and Human Decision Processes, 1994
- Judgment processes in motivation: Anchoring and adjustment effects on judgment and behaviorOrganizational Behavior and Human Decision Processes, 1991
- Effects of situation familiarity and financial incentives on use of the anchoring and adjustment heuristic for probability assessmentOrganizational Behavior and Human Decision Processes, 1989