Similarity bias
Rep.) Costa Rica Croatia Cyprus Czech Republic Côte d'Ivoire Denmark Dominican Republic Ecuador El Salvador Equatorial Guinea Estonia Finland France Gabon Georgia Germany Ghana Gibraltar Global Greece Guatemala Guinea Honduras Hong Kong SAR, China Hungary Iceland India Indonesia Interaméricas Ireland (Republic of) Isle of Man Israel ישראל Italy Jamaica Japan Kazakhstan Kenya Kosovo Laos Latvia Liberia Liechtenstein Lithuania Luxembourg Macedonia Madagascar Malawi Malaysia Maldives Malta Mauritius Middle East Region Middle East Bahrain Egypt Iraq Jordan Kuwait Lebanon Libya Oman Qatar Saudi Arabia United Arab Emirates West Bank Gaza Moldova Mongolia Montenegro Mozambique México Mexico Namibia Netherlands Netherlands Antilles New Caledonia New Zealand Nicaragua Nigeria Norway Pakistan Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Romania Rwanda Senegal Serbia Singapore Slovakia Slovenia South Africa South Korea Spain Sri Lanka Sweden Switzerland Taiwan 臺灣 Tanzania Thailand Trinidad and Tobago Turkey Türkiye Uganda Ukraine Україна United Kingdom UK United States US USA U.S. Moreover, in the presence of decision-making process similarity, the impacts of other factors that inform the investment decision actually change in counter-intuitive ways.Afrique Francophone Albania Andorra Angola Argentina Armenia Australia Austria Azerbaijan Bahamas Barbados Belgium Belgique België Bermuda Bolivia Bosnia and Herzegovina Botswana Brasil British Virgin Islands Brunei Bulgaria Cambodia Cameroon Canada Cape Verde Caribbean Cayman Islands Central and Eastern Europe Chad Channel Islands Chile China Colombia Congo (Brazzaville) Congo (Dem. Our findings suggest venture capitalists evaluate more favourably opportunities represented by entrepreneurs who 'think' in ways similar to their own. Specifically, we build from the literature on the 'similarity effect' to investigate the extent to which decision-making process similarity (shared between the investor and the entrepreneur) might bias or otherwise impact the investor's evaluation of a new venture investment opportunity. However, few studies have considered the factors that might bias an investment decision in a way that is idiosyncratic to a given investor-entrepreneur dyad. Moreover, in the presence of decision-making process similarity, the impacts of other factors that inform the investment decision actually change in counter-intuitive ways.ĪB - Investigating the factors that influence venture capital decision-making has a long tradition in the management and entrepreneurship literatures.
![similarity bias similarity bias](https://i1.rgstatic.net/publication/225290927_How_Category_Structure_Influences_the_Perception_of_Object_Similarity_The_Atypicality_Bias/links/55c0c2dd08aec0e5f447ab93/largepreview.png)
The second is that elements unique to funding decisions by bankers in the context of financial distress render this group of fi-nanciers immune to the effects of similarity bias. Specifically, we build from the literature on the 'similarity effect' to investigate the extent to which decision-making process similarity (shared between the investor and the entrepreneur) might bias or otherwise impact the investor's evaluation of a new venture investment opportunity. The first is that bankers might be affected by similar-ity bias to the same extent, or perhaps more strongly so, as any other person. N2 - Investigating the factors that influence venture capital decision-making has a long tradition in the management and entrepreneurship literatures.
![similarity bias similarity bias](https://images.squarespace-cdn.com/content/v1/61e2e5a06314847d06b58fa3/1642472361231-2MPKAB9NY0MFQZ6NU3Y1/unsplash-image-sMQiL_2v4vs.jpg)
T2 - Similarity as an interaction bias in the investor-entrepreneur dyad