Before revision:  This  framework is very general and can be used to model a variety of problems , such as pharmaceutical companies choosing drugs to develop , studios selecting movies to produce , or our focus in this work, which is venture capital firms picking startup companies in which to invest.
After revision:  This framework is very general and can be used to model many problems with low probability, high reward outcomes, such as pharmaceutical companies choosing drugs to develop , studios selecting movies to produce , or our focus in this work, which is venture capital firms picking startup companies in which to invest.