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Innovations Create Both Opportunities And Dilemmas. They Provide New And Supposedly Better Opportunities, But — Because Of Their Newness — They Are Often More Uncertain And Potentially Worse Than Existing Options. Recent Inventions And Discoveries Include New Drugs, New Energy Sources, New Foods, New Manufacturing Technologies, New Toys And New Pedagogical Methods, New Weapon Systems, New Home Appliances And Many Other Discoveries And Inventions. Is It Better To Use Or Not To Use A New And Promising But Unfamiliar And Hence Uncertain Innovation? That Dilemma Faces Just About Everybody. The Paradigm Of The Innovation Dilemma Characterizes Many Situations, Even When A New Technology Is Not Actually Involved. The Dilemma Arises From New Attitudes, Like Individual Responsibility For The Global Environment, Or New Social Conceptions, Like Global Allegiance And Self-identity Transcending Nation-states. These Dilemmas Have Far-reaching Implications For Individuals, Organizations, And Society At Large As They Make Decisions In The Age Of Innovation. The Uncritical Belief In Outcome-optimization — More Is Better, So Most Is Best — Pervades Decision-making In All Domains, But Is Often Irresponsible When Facing The Uncertainties Of Innovation. There Is A Great Need For Practical Conceptual Tools For Understanding And Managing The Dilemmas Of Innovation. This Book Offers A New Direction For A Wide Audience. It Discusses Examples From Many Fields, Including E-reading, Bipolar Disorder And Pregnancy, Disruptive Technology In Industry, Stock Markets, Agricultural Productivity And World Hunger, Military Hardware, Military Intelligence, Biological Conservation, On-line Learning, And More.
How can individuals and organizations effectively navigate the inherent uncertainties and risks associated with adopting new innovations? Yakov Ben-Haim, a professor specializing in decision-making under uncertainty, argues that the prevailing obsession with outcome-optimization is often inadequate and potentially dangerous when applied to novel technologies or social shifts. He proposes a framework that shifts the focus from maximizing expected outcomes to managing the inherent vulnerabilities and unknowns that accompany new developments.
What You Will Find
Scope Limits
Experts in decision theory and risk management recognize this work as a significant contribution to the study of uncertainty in modern systems. Readers frequently note that the prose is intellectually rigorous, requiring careful attention to the author's specific definitions of uncertainty and innovation.
Page Count:
160
Publication Date:
2018-01-01
Publisher:
Oxford University Press
ISBN-10:
0192555391
ISBN-13:
9780192555397
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