Openness To Experience And Opportunity Recognition: Evidence Of A Common Genetic Etiology

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Executive Summary

Recognizing opportunities for new businesses is an important part of the entrepreneurial process, and one that researchers are seeking to explain. Because opportunity recognition is at least partially a cognitive process, openness to experience may influence opportunity recognition by facilitating access to information useful in the opportunity recognition process. In this study, the authors sought to determine whether genetic factors influence opportunity recognition by affecting the tendency of people to be open to experience. They applied bivariate genetics techniques to a sample of 1740 monozygotic and 1714 same-sex dizygotic twins and found that a substantial part of the heritability of opportunity recognition is mediated through genetic influences on openness to experience.

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