Knowledge Creation as a Square Dance on the Hilbert Cube
This paper presents a micro-model of knowledge creation and transfer in a small group of people. Our model incorporates two key aspects of the cooperative process of knowledge creation: (i) heterogeneity of people in their state of knowledge is essential for successful cooperation in the joint creation of new ideas, while (ii) the very process of cooperative knowledge creation affects the heterogeneity of people through the accumulation of knowledge in common. In the two person case, we show that the equilibrium process tends to result in the accumulation of too much knowledge in common compared to the most productive state. Unlike the two-person case, in the four person case we show that the equilibrium process of knowledge creation may converge to the most productive state. Equilibrium paths are found analytically, and they are a discontinuous function of initial heterogeneity.
|Date of creation:||23 Jan 2004|
|Date of revision:||27 Jan 2004|
|Note:||Type of Document - pdf; prepared on WinXP; to print on hplaserjet1300; pages: 70; figures: 9|
|Contact details of provider:|| Web page: http://econwpa.repec.org|
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