No. Looks like their success is determined by intelligence and confidence, not formal education:
I investigate the effect of human capital on entrepreneurship using the National Longitudinal Survey of Youth – 1979. I find that individuals with higher measured intelligence and self-confidence are more likely to be entrepreneurs. Furthermore I present evidence suggesting that intelligence and self-confidence affect business ownership through two different channels: intelligence increases business survival while self-confidence increases business creation. Finally, once we control for intelligence and self-confidence the effect of formal college education almost completely vanishes. These results are robust to controlling for selection into entrepreneurship and selection into college.
Source: “Intelligence, Self-confidence and Entrepreneurship” from IFN Working Paper No. 887, 2011
TheRedArchive is an archive of Red Pill content, including various subreddits and blogs. This post has been archived from the blog bakadesuyo.
Title | Do entrepreneurs need to go to college? |
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Author | Eric Barker |
Date | November 26, 2011 6:38 PM UTC (12 years ago) |
Blog | bakadesuyo |
Archive Link |
https://theredarchive.com/blog/bakadesuyo/do-entrepreneurs-need-to-go-to-college.14995 https://theredarchive.com/blog/14995 |
Original Link | https://www.bakadesuyo.com/2011/11/do-entrepreneurs-need-to-go-to-college/ |
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