Courage a double-edged sword for economic success

Tuesday, 12. February 2019

"(...) However, as lead author Tobias Ebert from the University of Mannheim said, the study results indicated a double-edged sword.

“Courage seems to contribute to more economic vitality in a region with more entrepreneurship rates and more start-ups. This finding supports the general assumption that it requires brave people to drive modern economic activity, compared to historical times when it required a workers culture to stimulate the economy with its large industries and factories, said Mr Ebert.

“The dark side to courage is that we found evidence it is associated with risk-taking and higher start-up failure rates.” (...)"

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