{"title":"Betting on success: Unveiling the role of innovation and financing capability on funding decisions by human versus AI evaluators","authors":"Lun Li , Yanbo Peng , Guanlin Shao , Huiyang Dai","doi":"10.1016/j.econlet.2025.112605","DOIUrl":null,"url":null,"abstract":"<div><div>This study compares preferences of AI and human evaluators in startup funding, finding that humans prioritize startups with higher innovation capabilities whereas AI favors superior financing capabilities. External certifications can substitute for these internal capabilities, thereby weakening their predictive power.</div></div>","PeriodicalId":11468,"journal":{"name":"Economics Letters","volume":"256 ","pages":"Article 112605"},"PeriodicalIF":1.8000,"publicationDate":"2025-09-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Economics Letters","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0165176525004422","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
This study compares preferences of AI and human evaluators in startup funding, finding that humans prioritize startups with higher innovation capabilities whereas AI favors superior financing capabilities. External certifications can substitute for these internal capabilities, thereby weakening their predictive power.
期刊介绍:
Many economists today are concerned by the proliferation of journals and the concomitant labyrinth of research to be conquered in order to reach the specific information they require. To combat this tendency, Economics Letters has been conceived and designed outside the realm of the traditional economics journal. As a Letters Journal, it consists of concise communications (letters) that provide a means of rapid and efficient dissemination of new results, models and methods in all fields of economic research.