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Bayesian Entrepreneurship

Bayesian Entrepreneurship

Hardcover

Business GeneralProbability & Statistics

ISBN10: 0262052156
ISBN13: 9780262052153
Publisher: MIT Press
Published: Apr 14 2026
Pages: 348
Weight: 1.19
Height: 1.19 Width: 5.92 Depth: 9.14
Language: English
A novel framework for how entrepreneurs can use Bayesian reasoning to make decisions.

This edited volume introduces and explores the concept of Bayesian entrepreneurship, a novel framework for understanding entrepreneurial decision-making under uncertainty. It brings together contributions from leading scholars to examine how entrepreneurs form beliefs about opportunities, learn through experimentation, and make strategic decisions.

The Bayesian approach emphasizes the critical interaction between an entrepreneur's prior beliefs and their capacity for learning and experimentation to update those beliefs. This dynamic process allows entrepreneurs to formulate and test theories about value creation and capture, attract resources and capabilities, and implement effective entrepreneurial strategies. The volume is organized around four key themes:

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Agrawal, Ajay

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Business General