Experiments for idea validation

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Through experiments, entrepreneurs and managers can affect outcomes and variances and avoid the problems due to uncertainty resolution becoming endogenous to their own activity. - [@camuffo2019A Scientific Approach to Entrepreneurial Decision Making: Evidence from a Randomized Control Trial]

In the classic approach to idea validation proposed by the lean methodology, entrepreneurs must perform experiments that allow to test their hypothesis. However, there's little information regarding the framework used for establishing thresholds for idea validation.

Evidence suggest that since most startups fail, there's a large number of false positive observations. This means that experiments are poorly designed, or that results are poorly interpreted.


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Aquiles Carattino
Aquiles Carattino
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