Patterned interactions in complex systems
Subtitle: implications for exploration
By: Jan W. Rivkin, Nicolaj Siggelkow
Contributors: Siggelkow, Nicolaj; Harvard Business School. Division of Research
Series: Working paper / Division of Research, Harvard Business School -- 05-044; Working paper (Harvard Business School. Division of Research) -- 05-044
Publisher: Division of Research, Harvard Business School
Published: 2005
Place of publication: Boston
Language: eng
Number of pages: 32
Description: Scholars who view organizational, social, and technological systems as sets of interdependent decisions have increasingly used simulation models from the biological and physical sciences to examine system behavior. These models shed light on an enduring managerial question: how much exploration is necessary to discover a good configuration of decisions? We develop simple, intuitive rules of thumb that allow a decision maker to examine two interaction patterns and determine which requires greater investment in broad exploration.
Notes: Includes bibliographical references.