arbiter
JournalsPricingAccount

Entrepreneurial judgment, uncertainty, and resource mobilization

Nicolai J. Foss et al.

The Review of Austrian Economics2025https://doi.org/10.1007/s11138-025-00690-6article
AJG 1ABDC C
Weight
0.50

What the paper says

Enrolling investors is often critical to new venture success. Complementing previous entrepreneurial finance studies, we highlight problems that relate to differences in beliefs and cognition—rather than incentives—among potential stakeholders in an entrepreneurial venture. Building on Austrian theories of uncertainty, subjective judgment, and exemplary goods, we focus on the challenges of communicating novel and complex projects under Knightian uncertainty. Examining the process of forming intersubjective agreements between entrepreneurs and financiers regarding the value of entrepreneurial projects, we describe two approaches—what we call an “opportunity discovery path” and an “effectuation/bricolage path”—that entrepreneurs and financiers can use to resolve alternative sources of uncertainty sequentially rather than simultaneously.

6 citations

Open paper page →

Cite this paper

https://doi.org/https://doi.org/10.1007/s11138-025-00690-6

Or copy a formatted citation

@article{nicolai2025,
  title        = {{Entrepreneurial judgment, uncertainty, and resource mobilization}},
  author       = {Nicolai J. Foss et al.},
  journal      = {The Review of Austrian Economics},
  year         = {2025},
  doi          = {https://doi.org/https://doi.org/10.1007/s11138-025-00690-6},
}

Paste directly into BibTeX, Zotero, or your reference manager.

Flag this paper

Entrepreneurial judgment, uncertainty, and resource mobilization

Flags are reviewed by the Arbiter methodology team within 5 business days.

Evidence weight

0.50

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.44 × 0.4 = 0.18
M · momentum0.65 × 0.15 = 0.10
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.