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Paradigm Shift

Author Info

Listed author(s):
  • Damien Besancenot

    ()

    (CEPN - Centre d'Economie de l'Université Paris Nord - Université Paris 13 - USPC - Université Sorbonne Paris Cité - CNRS - Centre National de la Recherche Scientifique)

  • Habib Dogguy

    (CEPN - Centre d'Economie de l'Université Paris Nord - Université Paris 13 - USPC - Université Sorbonne Paris Cité - CNRS - Centre National de la Recherche Scientifique)

Abstract

This paper analyses the consequences of young researchers' scientifc choice on the dynamics of sciences. We develop a simple two state mean field game model to analyze the competition between two paradigms based on Kuhn's theory of scientifc revolutions. At the beginning of their career, young researchers choose the paradigm in which they want to work according to social and personal motivations. Despite the possibility of multiple equilibria the model exhibits at least one stable solution in which both paradigms always coexist. The occurrence of shocks on the parameters may induce the shift from one dominant paradigm to the other. During this shift, researchers' choice is proved to have a great impact on the evolution of sciences.

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File URL: https://halshs.archives-ouvertes.fr/halshs-00590527v3/document
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Paper provided by HAL in its series CEPN Working Papers with number halshs-00590527.

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Date of creation: 03 May 2011
Handle: RePEc:hal:cepnwp:halshs-00590527
Note: View the original document on HAL open archive server: https://halshs.archives-ouvertes.fr/halshs-00590527v3
Contact details of provider: Web page: https://hal.archives-ouvertes.fr/

Keywords: Mean eld game.; Paradigm shift; Scienti c choice; Research dynamics; Mean eld game;

This paper has been announced in the following NEP Reports:

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  1. Yongsung Chang & Joao Gomes & Frank Schorfheide, 2000. "Persistence," Econometric Society World Congress 2000 Contributed Papers 1632, Econometric Society.
  2. Bramoullé, Yann & Saint-Paul, Gilles, 2010. "Research cycles," Journal of Economic Theory, Elsevier, vol. 145(5), pages 1890-1920, September.
  3. João Ricardo Faria & Damien Besancenot & Andreas J. Novak, 2011. "Paradigm Depletion, Knowledge Production And Research Effort: Considering Thomas Kuhn'S Ideas," Metroeconomica, Wiley Blackwell, vol. 62(4), pages 587-604, November.
  4. repec:hal:wpaper:halshs-00447302_v1 is not listed on IDEAS
  5. Stephan, Paula E., 2010. "The Economics of Science," Handbook of the Economics of Innovation, Elsevier.
  6. Joao Faria & Damien Besancenot & Andréas Novak, 2009. "Paradigm depletion, knowledge production and research effort," CEPN Working Papers halshs-00447302, HAL.
  7. repec:hal:wpaper:halshs-00447302 is not listed on IDEAS
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Cited by:

  1. Damien Besancenot & Radu Vranceanu, 2015. "Fear Of Novelty: A Model Of Scientific Discovery With Strategic Uncertainty," Economic Inquiry, Western Economic Association International, vol. 53(2), pages 1132-1139, 04.
  2. João Ricardo Faria & Damien Besancenot & Andreas J. Novak, 2011. "Paradigm Depletion, Knowledge Production And Research Effort: Considering Thomas Kuhn'S Ideas," Metroeconomica, Wiley Blackwell, vol. 62(4), pages 587-604, November.

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