independent scholar with expertise working across disciplines such as supply chain management, ethnography, and sustainability. He … has served as a visiting faculty member at the Indian Institute of Management Nagpur and Ashoka University. Krishnan has … worked in industries including sales enablement, data science, artificial intelligence, and product management. He received …

Investment is a means to experiment with technologies, creating valuable knowledge for firms. We analyze the feedback … interaction between investment and knowledge through endogenous cycles of experimentation and exploration. Because experimentation … is uncertain, firms become averse to investing when knowledge is scarce and q is high, overturning neoclassical insights …