Laboratory Experiments as a Tool in the Empirical Economic Analysis of High-Expectation Entrepreneurship

Much economic analysis -- and virtually all game theory -- starts with the assumption that people are both rational and selfish. The predictions derived from this assumption of rational selfishness are, however, violated in many familiar contexts. In this column and the next one, the evidence from laboratory experiments is examined to see what has been learned about when and why humans cooperate. This column considers the particularly important case of cooperation vs. free riding in the context of public good provision.

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Resourcing Lab Experiments for New Ventures: The Potential of a Start-up Database

Industry and Higher Education ◽

10.5367/000000009788146638 ◽

2009 ◽

Vol 23 (2) ◽

pp. 139-141 ◽

Cited By ~ 1

Author(s):

Alberto Pietrobon

Keyword(s):

Laboratory Experiments ◽

New Ventures ◽

Access To Information ◽

Experimental Phase ◽

High Expectation ◽

Lab Experiments ◽

Start Up ◽

Experimental Process ◽

Ready Access ◽

Start Ups

Curley and Formica introduce a new concept for high-expectation start-ups, involving the use of ‘laboratory experiments’. These experiments prepare potential entrepreneurs for the challenges they will face by providing a combination of interactive business experience and an opportunity to deepen their knowledge of their future markets. This article argues that a database providing information about previous start-ups could be of great use to the would-be entrepreneur and would enhance the value of the experimental phase. The database would provide instant access to information that would contribute to the experimental process. Ready access to the histories of previous start-ups would help new entrepreneurs to learn from the successes and failures of others. In this respect it would increase their chances of turning their ambitious business ideas into practical realities outside the simulation bubble.

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Covering of cometary nucleus by refractory crust and its evolution into asteroid-like body

International Astronomical Union Colloquium ◽

10.1017/s0252921100031675 ◽

1999 ◽

Vol 173 ◽

pp. 365-370

Author(s):

Kh.I. Ibadinov

Keyword(s):

Laboratory Experiments ◽

Cometary Nucleus ◽

Sublimation Rate ◽

Cometary Nuclei ◽

Short Period Comet ◽

Short Period ◽

Brightness Decrease ◽

Crust Thickness ◽

Ice Sublimation ◽

Period Comet

AbstractFrom the established dependence of the brightness decrease of a short-period comet dependence on the perihelion distance of its orbit it follows that part of the surface of these cometary nuclei gradually covers by a refractory crust. The results of cometary nucleus simulation show that at constant insolation energy the crust thickness is proportional to the square root of the insolation time and the ice sublimation rate is inversely proportional to the crust thickness. From laboratory experiments resulted the thermal regime, the gas productivity of the nucleus, covering of the nucleus by the crust, and the tempo of evolution of a short-period comet into the asteroid-like body studied.

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