Research
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12:00 PM - 1:30 PM
Carolyn Fu: Harvard Business School
Setting the Stage: The Interplay of Firm Boundary and Learning at the Opera
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Setting the Stage: The Interplay of Firm Boundary and Learning at the Opera
Speaker: Carolyn Fu: Harvard Business School
Time: 12:00 PM - 1:30 PM
Location:
12:00 PM - 1:30 PM
Nicolaj Siggelkow: Wharton
Learning about contingencies: The power of initial simplicity
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Learning about contingencies: The power of initial simplicity
Speaker: Nicolaj Siggelkow: Wharton
Time: 12:00 PM - 1:30 PM
Location:
This paper investigates the performance consequences of how managers update their contingency beliefs in response to feedback, emphasizing the interaction between first-order learning (updating performance expectations) and second-order learning (updating contingency beliefs). Managers often begin tasks with inaccurate contingency assumptions—either overly simple or overly complex—which shape their initial decisions. Our research explores whether starting with simple or complex contingency beliefs is more advantageous when learning occurs in environments characterized by varying degrees of true contingencies. Employing a contextual multi-arm bandit simulation, we reveal nuanced learning dynamics: without second-order learning, complex initial beliefs consistently outperform simpler ones. However, when second-order learning is enabled, initially simple beliefs significantly enhance managerial decision-making over time, even potentially surpassing the performance of managers with initially accurate beliefs. Conversely, those with overly complex initial beliefs demonstrate limited improvement through second-order learning alone. Importantly, this pattern changes substantially when managers have considerable prior information about action outcomes across contexts; under these conditions, complex initial beliefs become advantageous. Thus, the benefits of simplicity versus complexity in contingency beliefs critically depend on the interplay between first- and second-order learning and the availability of prior information, offering actionable insights for managerial decision-making in uncertain environments.
8:00 AM - 5:00 PM
Connie Helfat: Tuck School of Business
Junior Faculty Strategy Research Summer Camp
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Junior Faculty Strategy Research Summer Camp
Speaker: Connie Helfat: Tuck School of Business
Time: 8:00 AM - 5:00 PM
Location:
8:00 AM - 5:00 PM
Connie Helfat: Tuck School of Business
Junior Faculty Strategy Research Summer Camp
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Junior Faculty Strategy Research Summer Camp
Speaker: Connie Helfat: Tuck School of Business
Time: 8:00 AM - 5:00 PM
Location:
10:30 AM - 12:00 PM
John de Figueiredo: Duke Univeristy Fuqua School of Business
Does Politics Matter in Entrepreneurship? Political Polarization, Nonpartisans, and Entrepreneurial Team Performance
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Does Politics Matter in Entrepreneurship? Political Polarization, Nonpartisans, and Entrepreneurial Team Performance
Speaker: John de Figueiredo: Duke Univeristy Fuqua School of Business
Time: 10:30 AM - 12:00 PM
Location:
Social homophily has been shown to be a feature of entrepreneurial team formation, but its performance implications remain unclear. This paper examines the recent rise of a new source of social homophily—political homophily—and its relationship to the performance of entrepreneurial founding teams. We construct a dataset linking over 13,000 founders of 3,700 California-based startups to their voter registration records from 2007 to 2019. We first document substantial and rising levels of political homophily. We then analyze how team political composition relates to fundraising outcomes, focusing on the likelihood and speed of raising subsequent funding. We find that teams composed entirely of similar political partisans underperform relative to politically mixed teams. The highest-performing teams include substantial political heterogeneity, encompassing Democrats, Republicans, and Nonpartisan founders. These results remain qualitatively consistent in two-stage estimations using time-varying measures of negative and positive political advertising in each of California’s 14 media markets as instrumental variables. These findings suggest that Nonpartisan founders may serve a cross-cutting or boundary-spanning role, helping teams navigate the coordination challenges of ideological diversity.
4:00 PM - 5:30 PM
TBD
Rapid Research
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Rapid Research
Speaker: TBD
Time: 4:00 PM - 5:30 PM
Location: