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Question 78·Hard·Cross-Text Connections

Text 1
Cognitive psychologist Maya Deshpande argues that repeated personal failure leads individuals to avoid subsequent high-stakes risks. Citing laboratory studies in which participants who lost money in simulated investments later chose safer portfolios, Deshpande maintains that "scar memory"—the lingering recollection of losses—exerts a powerful dampening effect on future risk-taking. She concludes that communities with a collective history of failure, such as firms that have launched several unsuccessful products, will predictably pursue conservative strategies thereafter.

Text 2
A team of management scholars examined 42 technology start-ups that experienced a major product flop during their first three years. Contrary to their expectations and to much of the psychological literature, the researchers found that a substantial majority of these companies responded by increasing their research-and-development budgets and adopting bolder product designs within two years of the flop. Interviews revealed that founders often viewed the failure as a license to experiment more radically, reasoning that they had "little left to lose" and hoping that dramatic innovation would differentiate them in crowded markets.

Based on the two texts, how would the scholars in Text 2 most likely respond to Deshpande’s claim in Text 1?