Chapter 14: Innovation and information: Smooth and ongoing change, or turbulence and cognitive over-stress? On the complex deep structure of innovation
This chapter investigates the relationship between information and innovation in a complexity-economics and specifically evolutionary-institutional perspective. Rather than being some trivial change “towards the better”, “innovative” change in complex adaptive systems (CAS) may be completely blocked...
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| Format: | Online |
| Language: | English |
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Edward Elgar Publishing
2024
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| Online Access: | https://directory.doabooks.org/handle/20.500.12854/136110 |
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| _version_ | 1869530294448553984 |
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| author | Elsner, Wolfram |
| author_browse | Elsner, Wolfram |
| author_facet | Elsner, Wolfram |
| author_sort | Elsner, Wolfram |
| collection | Directory of Open Access Books |
| description | This chapter investigates the relationship between information and innovation in a complexity-economics and specifically evolutionary-institutional perspective. Rather than being some trivial change “towards the better”, “innovative” change in complex adaptive systems (CAS) may be completely blocked or emerge too slowly or fragile and prone to repeated setbacks. In CAS, the given complexity and resulting dynamics may be perceived by agents as an over-complex decision situation and over-turbulence, prohibitive or largely counterproductive to innovation. Basic information may be simultaneously scarce and abundant, compared to the limited cognitive and computational capacities of human agents. We provide an overview of the recent innovation literature, criticize the simplistic “equilibration” world-view, interpret the basic model of “evolution of cooperation” in terms of information and innovation implications, consider the significance of network structures and of “self-organization” mechanisms, and derive the policy perspectives involved. We conclude with a research outlook on radical novelty and surprise. |
| format | Online |
| id | doab-20.500.12854ir-136110 |
| institution | Directory of Open Access Books |
| language | eng |
| publishDate | 2024 |
| publishDateRange | 2024 |
| publishDateSort | 2024 |
| publisher | Edward Elgar Publishing |
| publisherStr | Edward Elgar Publishing |
| record_format | ojs |
| spelling | doab-20.500.12854ir-1361102024-04-04T10:53:51Z Chapter 14: Innovation and information: Smooth and ongoing change, or turbulence and cognitive over-stress? On the complex deep structure of innovation Elsner, Wolfram Information; Innovation; Complexity; Evolution of cooperation; Networks; Policy implications of complex innovation KCC This chapter investigates the relationship between information and innovation in a complexity-economics and specifically evolutionary-institutional perspective. Rather than being some trivial change “towards the better”, “innovative” change in complex adaptive systems (CAS) may be completely blocked or emerge too slowly or fragile and prone to repeated setbacks. In CAS, the given complexity and resulting dynamics may be perceived by agents as an over-complex decision situation and over-turbulence, prohibitive or largely counterproductive to innovation. Basic information may be simultaneously scarce and abundant, compared to the limited cognitive and computational capacities of human agents. We provide an overview of the recent innovation literature, criticize the simplistic “equilibration” world-view, interpret the basic model of “evolution of cooperation” in terms of information and innovation implications, consider the significance of network structures and of “self-organization” mechanisms, and derive the policy perspectives involved. We conclude with a research outlook on radical novelty and surprise. Published 2024-04-04T10:53:44Z 2024-04-04T10:53:44Z 2024-03-12 chapter 9781802203967 https://directory.doabooks.org/handle/20.500.12854/136110 eng image/jpeg Attribution-NonCommercial-NoDerivatives 4.0 International https://www.e-elgar.com/shop/gbp/the-elgar-companion-to-information-economics-9781802203950.html https://www.elgaronline.com/edcollchap-oa/book/9781802203967/book-part-9781802203967-23.xml Edward Elgar Publishing Edward Elgar Publishing 10.4337/9781802203967.00023 10.4337/9781802203967.00023 01ceac28-75b4-492a-8eec-f9b98bc6b28c https://creativecommons.org/licenses/by-nc-nd/4.0/ 9781802203967 Edward Elgar Publishing Cheltenham, UK open access |
| spellingShingle | Information; Innovation; Complexity; Evolution of cooperation; Networks; Policy implications of complex innovation KCC Elsner, Wolfram Chapter 14: Innovation and information: Smooth and ongoing change, or turbulence and cognitive over-stress? On the complex deep structure of innovation |
| title | Chapter 14: Innovation and information: Smooth and ongoing change, or turbulence and cognitive over-stress? On the complex deep structure of innovation |
| title_full | Chapter 14: Innovation and information: Smooth and ongoing change, or turbulence and cognitive over-stress? On the complex deep structure of innovation |
| title_fullStr | Chapter 14: Innovation and information: Smooth and ongoing change, or turbulence and cognitive over-stress? On the complex deep structure of innovation |
| title_full_unstemmed | Chapter 14: Innovation and information: Smooth and ongoing change, or turbulence and cognitive over-stress? On the complex deep structure of innovation |
| title_short | Chapter 14: Innovation and information: Smooth and ongoing change, or turbulence and cognitive over-stress? On the complex deep structure of innovation |
| title_sort | chapter 14 innovation and information smooth and ongoing change or turbulence and cognitive over stress on the complex deep structure of innovation |
| topic | Information; Innovation; Complexity; Evolution of cooperation; Networks; Policy implications of complex innovation KCC |
| topic_facet | Information; Innovation; Complexity; Evolution of cooperation; Networks; Policy implications of complex innovation KCC |
| url | https://directory.doabooks.org/handle/20.500.12854/136110 |
| work_keys_str_mv | AT elsnerwolfram chapter14innovationandinformationsmoothandongoingchangeorturbulenceandcognitiveoverstressonthecomplexdeepstructureofinnovation |