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to states of uncertainty be explicitly dealt with. We argue that ‘knowledge,’ because of the existence of uncertainty is … ‘energy gradients’ and ‘knowledge gradients’ as essential concepts in understanding economic emergence and resultant economic …
Persistent link: https://www.econbiz.de/10010576973
This paper discusses, first, the properties of scientific and technological knowledge and the institutions supporting …
Persistent link: https://www.econbiz.de/10003209434
in fostering economic growth trough innovation need to consider the fundamental role played by competition among … insights about how competition fosters learning, innovation and ultimately growth. …The idea that innovation leads to positive economic performance has become a sort of truism in recent years. However …
Persistent link: https://www.econbiz.de/10005087137
and knowledge. The link is found by relating two concepts from evolutionary theory, namely the Price equation and bet … article illustrates how knowledge and information about the uncertain future environment can be used to overcome this …
Persistent link: https://www.econbiz.de/10013058556
human knowledge, complementing human intelligence and facilitating the creation and development of sophisticated collective … insights into the transformative potential of AI, including its capacity to accelerate, mediate, and diffuse human knowledge … through which human knowledge is expanded and democratized. Additionally, the document presents potential risks and …
Persistent link: https://www.econbiz.de/10015179689
Following the development of knowledge economies, there has been a rapid expansion of economic analysis of knowledge …, both in the context of technological knowledge in particular and the decision theory in general. This paper surveys this … of knowledge related questions in terms of applicability and alternative approaches has led to the fragmentation of …
Persistent link: https://www.econbiz.de/10011708069
-informed others. This paper presents a controlled experiment showing that this "curse of knowledge" can cause comparative … overconfidence and overentry into competition. In a broader context, the results provide an explanation for the overconfidence of …
Persistent link: https://www.econbiz.de/10010403249
The development of knowledge-intensive business services in recent decades can be interpreted as one of the indicators … of a transformation from an industrial economy into a knowledge-based one. Not only do quantitative measures, whether in … knowledge throughout the economy. This article presents an analysis of the KIBS sector based on a literature review. In the …
Persistent link: https://www.econbiz.de/10011802035
's theory in three subsections: “Long waves” leading to the Knowledge Based Economy, Innovation as a core of Schumpeter … most adequate to discuss principles of the Knowledge Based Economy. In the paper author discussed assumptions of Schumpeter …'s economy and Neo-Schumpeterian “growth” as a pillar of Knowledge Based Economy. The purpose of this paper is the analysis of …
Persistent link: https://www.econbiz.de/10013082693
Persistent link: https://www.econbiz.de/10001561978