IDEAS home Printed from https://ideas.repec.org/a/oup/indcch/v29y2020i1p207-223..html
   My bibliography  Save this article

Exploring exploration: the role of affective states as forces that hinder change

Author

Listed:
  • Stefano Brusoni
  • Daniella Laureiro-Martínez
  • Nicola Canessa
  • Maurizio Zollo

Abstract

In this article we argue that in order to understand failure or success in adapting to environmental change, we should better understand why people hesitate to pursue novel choices. This article asks: what forces hinder individuals’ exploration choices of different alternatives, and hence their ability to learn from them? To answer this question, this article looks to the cognitive sciences to identify a set of plausible mechanisms that hinder people’s tendency to explore. So far, “exploration” has been studied as a relatively monolithic behavior. Instead, we propose that exploration can be characterized in terms of some distinctive forces behind it. On one hand, agents experience “attachment” to choices that proved successful in the past, and hence comfort when sticking with them. On the other hand, they also experience concerns about less familiar options, as they lack knowledge about “distant” choices that have not been tried for a long time, or ever. We propose that high attachment is related to anxiety, and high distance to fear. Both these negative affective states hinder exploration. We find and discuss preliminary and tentative evidence of this effect.

Suggested Citation

  • Stefano Brusoni & Daniella Laureiro-Martínez & Nicola Canessa & Maurizio Zollo, 2020. "Exploring exploration: the role of affective states as forces that hinder change," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 29(1), pages 207-223.
  • Handle: RePEc:oup:indcch:v:29:y:2020:i:1:p:207-223.
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1093/icc/dtz070
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Timo Ehrig & Jaison Manjaly & Aditya Singh & Shyam Sunder, 2022. "Adaptive Rationality in Strategic Interaction: Do Emotions Regulate Thinking About Others?," Strategy Science, INFORMS, vol. 7(4), pages 330-349, December.

    More about this item

    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • D87 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Neuroeconomics
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:indcch:v:29:y:2020:i:1:p:207-223.. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://academic.oup.com/icc .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.