Artificial Intelligence and Strategic Decision-Making: Evidence from Entrepreneurs and Investors

The authors thank Ruijing Chen, Can He, and Hazel Lim for excellent research assistance. The authors also thank the editor and referees, as well as the participants at the Academy of Management Meeting 2023, the Theory-Based View in Strategy & Entrepreneurship Conference, the AI & Strategy Consortium 2024, the AI & Strategy Workshop 2024, the Ion Management Science Laboratory at Bocconi University, the University of Chile, the University of Los Andes, DRUID 2024, and the Utah Strategy Summit for valuable comments. This experiment was approved by the INSEAD Institutional Review Board office and preregistered at the AEA RCT Registry (AEARCTR-0011942). The authors are listed in alphabetical order and contributed equally.