Research on entrepreneurial team members´ personality traits influence on group risk decision-making

Group decision making is frequently adopted in entrepreneurial activities. This study explores the influence of entrepreneurial team members´ MBTI personality types upon group opportunity perception, risk perception and risk propensity. Through the empirical investigation of 46 entrepreneurial teams of university students, it is discovered that when controlling the influence of team members´ involvement, the group with more intuition type members is more likely to make optimistic estimates of entrepreneurial opportunity than the group with more sensing type members; the group with more perceiving type members is likely to detect more entrepreneurial opportunities, lower risks and possess higher risk propensity than the group with more judging type members; the group with more extroverted members perceives lower entrepreneurial risks than the group with more introverted members. This study´s results can help the entrepreneurial teams to improve their rationality in the course of decision making based on the full recognition of the members´ personality types.