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posted by janrinok on Monday December 26 2016, @07:24PM   Printer-friendly

The common thought that learning by experience is most effective when it comes to teaching entrepreneurship at university has been challenged in a new study.

An analysis of more than 500 graduates found no significant difference between business schools that offered traditional courses and those that emphasise a 'learning-by-doing' approach to entrepreneurship education.

The research challenges the ongoing trend across higher education institutes (HEIs) of focussing on experiential learning, and suggests that universities need to reconsider their approach if they are to increase entrepreneurship among their students.

http://phys.org/news/2016-12-entrepreneurial-textbooks.html

[PhD Thesis]: Evaluation of the Outcomes of Entrepreneurship Education Revisited

[Related]: College can cultivate innovative entrepreneurial intentions

[Source]: http://www.aston.ac.uk/news/releases/2016/december/entrepreneurial-experiences-no-better-than-textbooks-says-study/


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  • (Score: 3, Interesting) by JoeMerchant on Tuesday December 27 2016, @03:56AM

    by JoeMerchant (3937) on Tuesday December 27 2016, @03:56AM (#446236)

    Entrepreneurship, like stock picking and many of the Casino games, is a game of partial skill.

    You can be an idiot and screw it up every single time. Winning means that you both did not screw it up, and got lucky, generally luckier than the ROI (as compared to similar investment in index funds.)

    The lottery requires zero skill and minimal buy-in, but does have dismal returns as compared to the casino or stocks. If you have thousands of dollars to risk, you'd be better off taking a trip to a real casino where the odds are less stacked against you, or playing risky stocks and options in the market where there's a slight (5%) bias towards winning. If you've got several hundred million that you don't know what to do with, playing the VC game ($5-10M per bet, 50+ bets) has a slightly higher bias towards winning than the index funds.

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