Inventor perseverance after being told t
β
Thomas Γ
stebro; Scott A. Jeffrey; Gordon K. Adomdza
π
Article
π
2007
π
John Wiley and Sons
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English
β 173 KB
## Abstract We find that approximately one third (29%) of independent inventors continue to spend money and 51% continue to spend time on projects after receiving highly diagnostic advice to cease effort. Using survey data from actual inventors, this paper studies the role of overconfidence, optimi