Contests & Conflict | 08/31/2022 | 04:00 PM
Large Innovation Contests with Cognitively Diverse Teams

Speaker: Brian Roberson

Date & Time: Los Angeles (7 am), Cincinnati (10 am), Bath (3 pm), Munich (4 pm), Beijing (10 pm), Singapore (10 pm), Sydney (September 1, 12 am)

Brian Roberson will present the paper titled "Large Innovation Contests with Cognitively Diverse Teams" (joint work with Mouli Modak).

Abstract of the Paper:
In this paper we examine a large innovation contest involving teams. Within each team, the team members possess different skills or perspectives (tools) which may be applied to innovation problems. In the contest, prizes are awarded based on the values of the teams' innovations, where the value of an innovation depends on both the tools that a team applies to the innovation problem and the amount of work used to develop the innovation. In this context, we identify sufficient conditions, for team composition and the team innovation production function, under which an increase in team diversity and/or team production efficiency leads to an increase in equilibrium expected performance, for both the individual team and the overall contest.

Chair: Dan Kovenock, Co-Chair: Iryna Topolyan

Contact Person

Event Team

Max-Planck-Institut für Steuerrecht und Öffentliche Finanzen

Marstallplatz 1
80539 München

Phone: +49-89-24246-5255
Fax: +49-89-24246-5299