Understanding entrepreneurial education vis-à-vis entrepreneurs’ altruism and procedural fairness for being happy

Abstract

The concept of give and take is nothing bizarre for higher educational institution (HEI) students. Thus, by exchanging and bartering what they acquired to other groups, without any expected return, is a sign of altruism. But why do they decide to give so much? was it because they gained feelings of happiness or just a pleasant feeling of giving away something? Can this be a signal for more entrepreneurial education? Authors gathered data for Thai entrepreneurs from the World Value Survey Database. World Values Survey is conducted by the World Values Survey Association with the current seventh wave covering 80 countries; the length of survey spanned 2017-2021. The results show that being altruistic can lead to being procedurally fair, but not happy. That is, it is okay to think about others (altruism) and be fair with them (procedural fairness), but deciding to do so does not mean one is happy about being altruistic or from doing so. This research is divided accordingly: The first part introduces rational aspects; secondly, literature reviews are explored for the various perspectives and their side-effects; thirdly, the methodology is explained and analyzed using secondary data with multiple regression; and finally, the results and further research are presented and discussed.

Keywords:  Altruism, entrepreneur, entrepreneurial education, happiness, HEI, procedural fairness