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Networks in the balance

2020-12-01Artigo científico Acesso aberto
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dc.contributor.authorAnjos, Fernando
dc.contributor.authorReagans, Ray
dc.contributor.institutionNOVA School of Business and Economics (NOVA SBE)
dc.contributor.pblSpringerOpen
dc.date.accessioned2020-11-25T23:59:03Z
dc.date.available2020-11-25T23:59:03Z
dc.date.issued2020-12-01
dc.description
dc.description.abstractUsing an agent-based simulation, we illustrate how goal-seeking behavior affects network formation, learning, and performance. Our organization has one manager, who decides where to invest financial capital; individual workers, who decide where to work and prefer projects with larger budgets; and projects, which vary in quality. Our manager discovers high-quality projects from interactions with workers and allocates more capital to high-quality projects. When given an opportunity, our workers move to bigger-budget projects. We let our manager vary in terms of how much she exploits what she learns and allow our workers vary in terms of how sensitive they are to differences in capital. Our results highlight a contingency which shapes how goal-seeking behavior affects learning. The contingency is network fragility. Fragile connections decay quickly when individuals are not working together, while robust relationships decay more slowly. When relationships are robust, exploitation by our manager leads to a dense organizational network, improving information quality, and performance. Decisions by self-interested individuals (our manager and our workers) produce a virtuous learning cycle. When relationships are fragile, exploitation by our manager produces a sparse network, reducing information quality, and undermining performance. When network connections are fragile, the manager must find the right balance of exploitation and exploration, a balance which limits the rate at which workers move from one project to the next, allowing the manager to exploit some of what she knows, without undermining the very network which allows for useful information to be obtained.en
dc.description.versionpublishersversion
dc.description.versionpublished
dc.format.extent1599505
dc.identifier.doi10.1186/s41469-020-00084-x
dc.identifier.issn2245-408X
dc.identifier.otherPURE: 20289182
dc.identifier.otherPURE UUID: 478a43bc-2f26-48b9-a2b5-03fc9e61089b
dc.identifier.otherScopus: 85091999793
dc.identifier.urihttp://hdl.handle.net/10362/107799
dc.identifier.urlhttps://www.scopus.com/pages/publications/85091999793
dc.language.isoeng
dc.peerreviewedyes
dc.relationFunding agencies
dc.relationFundação para a Ciência e a Tecnologia
dc.relationUID/ECO/00124/2013
dc.relationNova School of Business and Economics
dc.relationNova School of Business and Economics
dc.relationand Social Sciences DataLab
dc.relationLISBOA-01-0145-FEDER-022209
dc.relationPOR Lisboa
dc.relationLISBOA-01-0145-FEDER-007722
dc.relationLISBOA-01-0145-FEDER-022209
dc.relationand POR Norte
dc.relationLISBOA-01-0145-FEDER-022209
dc.subjectExploitation
dc.subjectExploration
dc.subjectLearning
dc.subjectMobility
dc.subjectOrganizational networks
dc.subjectStrategy and Management
dc.titleNetworks in the balanceen
dc.title.subtitlean agent-based model of optimal exploitationen
dc.typejournal article
degois.publication.issue1
degois.publication.titleJournal of Organization Design
degois.publication.volume9
dspace.entity.typePublication
oaire.awardNumberUID/ECO/00124/2013
oaire.awardNumberUID/ECO/00124/2019
oaire.awardTitleNova School of Business and Economics
oaire.awardTitleNova School of Business and Economics
oaire.awardURIinfo:eu-repo/grantAgreement/FCT/6817 - DCRRNI ID/UID%2FECO%2F00124%2F2013/PT
oaire.awardURIinfo:eu-repo/grantAgreement/FCT/6817 - DCRRNI ID/UID%2FECO%2F00124%2F2019/PT
oaire.fundingStream6817 - DCRRNI ID
oaire.fundingStream6817 - DCRRNI ID
project.funder.identifierhttp://doi.org/10.13039/501100001871
project.funder.identifierhttp://doi.org/10.13039/501100001871
project.funder.nameFundação para a Ciência e a Tecnologia
project.funder.nameFundação para a Ciência e a Tecnologia
rcaap.rightsopenAccess
relation.isProjectOfPublication644a3f4f-817b-4d0d-aba6-f98cdca28bc7
relation.isProjectOfPublicationcbde310d-fc8e-4b67-a0dd-e61df619ea3d
relation.isProjectOfPublication.latestForDiscovery644a3f4f-817b-4d0d-aba6-f98cdca28bc7

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