Can Consumer-Posted Photos Serve as a Leading Indicator of Restaurant Survival? Evidence from Yelp

The authors thank participants at the Advanced Research Techniques Forum, the INFORMS Society for Marketing Science Doctoral Dissertation Award Special Session at the INFORMS Marketing Science Conference, the University of Texas at Dallas Frontiers of Research in Marketing Science Conference, the Product and Service Innovation Conference, Carnegie Mellon University Conference on Digital Marketing and Machine Learning, Erasmus University Workshop on Machine Learning & Multi-bandit Algorithms, GERAD Montreal, University of Miami Marketing Research Camp, MIT Marketing Group Doctoral Workshop, and seminar attendants at Chinese University of Hong Kong, City University of Hong Kong, Erasmus University, Hong Kong University of Science and Technology, University of Hong Kong, University of Iowa, National University of Singapore, Ohio State University, Peking University, Penn State University, Santa Clara University, Shanghai University of Finance and Economics, Tongji University, Tsinghua University, University of Western Ontario, and University of Wisconsin-Madison for their helpful comments.