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February 9, 2026Small Business Economics0 citationsOpen Access

AI, trust, and the market for lemons: rethinking the credibility of entrepreneurship research

MOMartin ObschonkaMLMoren Lévesque

Key Points

  • The study aims to investigate the credibility perception of entrepreneurship research utilizing AI methods compared to traditional statistics.
  • Surveyed 172 entrepreneurship scholars about the credibility of AI-based versus conventional studies.
  • Applied Akerlof’s market-for-lemons theory to analyze perceptions of research quality.
  • Identified the impact of epistemic opacity on the trust in AI methodologies.
  • AI-based studies perceived as significantly less credible than conventional studies.
  • Introduced the concept of 'social lemons' to explain the devaluation of opaque studies.
  • Proposed a roadmap for enhancing research credibility in the context of AI applications.

Abstract

Abstract Entrepreneurship research faces a growing challenge: studies using advanced AI methods are trusted less than those that do not. In a survey of 172 entrepreneurship scholars, we document a substantial trust discount—AI-based studies are perceived, as a category, to be significantly less credible than those using conventional statistical methods. To explain this outcome, we adapt Akerlof’s market-for-lemons framework and introduce the concept of “social lemons”: studies devalued due to deep epistemic opacity. This stems from a double-black-box challenge: opaque AI methods are applied to uncertain, elusive entrepreneurial phenomena. Echoing dysfunctional market dynamics in Akerlof’s market-for-lemons framework, this dual opacity can create conditions whereby flawed research goes undetected, while high-quality work is crowded out. We outline a multi-stakeholder roadmap for safeguarding research credibility, offering actionable measures to help transform today’s trust discount into a future trust dividend—positioning AI as an accelerator of insight, rather than a source of doubt.

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Cite This Study

Obschonka et al. (2026) studied this question.

synapsesocial.com/papers/69897a86f0ec2af6756e8b52https://doi.org/10.1007/s11187-026-01180-0
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