Experiential Learning, Competitive Selection, and Downside Risk: A New Perspective on Managerial Risk Taking

The authors are thankful for helpful comments from participants at the Hamburg-München-Hohenheim Insurance Economics Colloquium, the 2013 annual meeting of the Strategic Management Society, the 2013 CEAR/MRIC Behavioral Insurance Workshop, and the Finance Seminar at the University of Iowa. The authors are indebted to J. P. Eggers, Tobias Kretschmer, Chengwei Liu, Andreas Richter, Nils Stieglitz, and Leon Zucchini for valuable discussions. Senior Editor Thorbjørn Knudsen and two anonymous reviewers provided very helpful comments. All remaining errors are the authors’.