To Specialize or to Innovate ?

Abstract

Academic and corporate research departments alike face a crucial dilemma: to exploit known frameworks or to explore new ones; to specialize or to innovate? Here I show that these two conflicting epistemic desiderata are sufficient to explain pluralistic ignorance and its boom-and-bust-like dynamics, exemplified in the collapse of the efficient markets… (More)

6 Figures and Tables

Topics

  • Presentations referencing similar topics