Nagy, Roel L. G.; Hagspiel, Verena; Sund, Sebastian; … - 2022
future profitability of this project prior to investment. The decision process is split into two stages. In the first stage … possible values for the arrival rate of the disruptive event, with investment in learning higher if the range of rates is … larger. Furthermore, whether a learning investment is attractive to the firm depends strongly on the prior belief about the …