Construct · 1 fields · 1 citations

excess entry: a standalone construct

One name. One construct. A landmark on the map.

● anchor · a standalone construct Nearest construct by meaning·not indexed

A single standalone construct; nearby constructs are located against it in the Collider. Tap a field for its definition, unit, and measures.

Economics

too many entrants in a market because people overrate their own relative skill and neglect the quality of their competitors.

In economics, excess entry refers to too many entrants in a market because people overrate their own relative skill and neglect the quality of their competitors. This meaning comes from Camerer (1999) in American Economic Review.[1]

Unit
Recovery means
Measured by

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Nearby constructs

overconfidence4 fields · 6 citationsjingle · one word, four constructs market3 fields · 5 citationsjingle · one word, three constructs quality6 fields · 13 citationsjingle · one name, six constructs

References

Camerer, C., & Lovallo, D. (1999). Overconfidence and Excess Entry: An Experimental Approach. American Economic Review, 89(1), 306-318. https://doi.org/10.1257/aer.89.1.306

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