Primary Outcomes (explanation)
In practice, entrepreneur susceptibility to failure will be proxied by the willingness to forego seed funding. This will be elicited with a modified Becker-DeGroot-Marschak (BDM) mechanism (Becker, DeGroot, and Marschak 1964). All training participants in the control and treatment groups will be offered a chance to receive seed funding to start their business. They will be presented with a series of binary choices regarding the
features of the seed funding, and will be asked each time to indicate which of the two features they prefer. One of the choices they make will then be randomly chosen and will be entered into a lottery. From this lottery, a subset of the training participants will be randomly chosen to receive the seed funding, with the feature they have chosen. The training participants will thus be
incentivized to truthfully reveal their preferences.