Noise as Signal in Learning from Rare Events

The authors are grateful to senior editor Zur Shapira and three anonymous reviewers who went beyond the call of duty in clarifying their message. They also thank Joel Baum, Mark Bergen, You-Ta Chuang, Kristina Dahlin, Natalie Bin Zhao, Jerker Denrell, Vinit Desai, Dan Levinthal, Daniel Levy, Chengwei Liu, Peter Madsen, Fernando Olivera, Brian Pinkham, Stephen Sapp, Simon Parker, Hart Posen, Hazhir Rahmandad, Glenn Rowe, and Michal Tamuz, whose excellent comments improved this manuscript. They thank seminar participants at Oregon State University, University College London, the 2009 Organization Science Winter Conference, the 2009 and 2016 annual meetings of the Academy of Management, and the 2010 Medici Summer School of Management Studies for helpful comments on earlier versions of this manuscript. The authors are grateful for financial support from the Conrad Business, Entrepreneurship and Technology Centre at the University of Waterloo; Florida State University; the Social Sciences and Humanities Research Council Doctoral Fellowship; the Ontario Graduate Scholarship; the C. B. Johnston Ontario Graduate Scholarship; the R. G. Barford Ontario Graduate Scholarship; the Connor, Clark & Lunn Ontario Graduate Scholarship; and Western University. All remaining errors are the authors’, and any findings and statements in this paper reflect the views of the authors, and not those of any other entity.