subjects is consistent with the game-theoretic predictions. With the help of the experience-weighted attraction (EWA) learning … model proposed by Camerer and Ho (1999), we show that adaptive learning can account for the investment behavior of our … subjects.We find that the EWA learning model tracks the investment decisions of our subjects well, whether we hold out trials …

This paper identifies four groups among 113 Fortune 500 manufacturers that approach innovation quite differently. The …. Both product innovation and financial performance differ significantly over the groups, and a group of 42 firms that invest … heavily in innovation perform best financially. A smaller group of firms that are not innovative but which follow a strategy …

's "revealed beliefs" about future performance and standard measures of corporate innovation. We begin by developing a career … underestimate the probability of failure, are more likely to pursue innovation, and that this effect is larger in more competitive … their firms in a new technological direction. This paper was accepted by Kamalini Ramdas, entrepreneurship and innovation. …

(cheaper, faster, and better) and examine the impact of each on the timing of the firm's innovation decision. Contrary to …

scale intensive than in earlier stages of the innovation process. The UK and Australian economies present an interesting …