Advising Entrepreneurs: Optimal Recommendation of Alternatives
Zeya Wang,
Morvarid Rahmani,
Karthik Ramachandran
Abstract:Problem definition: Facing emergent business challenges, entrepreneurs often seek guidance from experienced advisors. When multiple alternatives could potentially solve the entrepreneur’s problem, advisors can lead the entrepreneur’s exploration by choosing which alternative(s) to suggest and in what sequence. Methodology/results: We develop a dynamic game-theoretic model that captures the sequential interaction between an advisor and an entrepreneur. The advisor chooses how to recommend alternative solutions,… Show more
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