The Streetlight Effect in Data-Driven Exploration

We examine innovative contexts like scientific research or technical R&D where agents must search across many potential projects of varying and uncertain returns. Is it better to possess incomplete but accurate data on the value of some projects, or might there be cases where it is better to exp...

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Veröffentlicht in:	NBER Working Paper Series 2024-05
Hauptverfasser:	Hoelzemann, Johannes C, Nagaraj, Abhishek, Manso, Gustavo, Tranchero, Matteo
Format:	Artikel
Sprache:	eng
Schlagworte:	Productivity, Innovation, and Entrepreneurship
Online-Zugang:	Volltext
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