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dc.contributor.author
Gisler, Monika
dc.contributor.author
Sornette, Didier
dc.contributor.author
Grote, Gudela
dc.date.accessioned
2021-05-06T13:18:42Z
dc.date.available
2017-06-11T14:51:32Z
dc.date.available
2017-08-14T16:15:33Z
dc.date.available
2018-09-12T11:32:52Z
dc.date.available
2021-05-06T13:15:39Z
dc.date.available
2021-05-06T13:18:42Z
dc.date.issued
2014-10-10
dc.identifier.other
10.2139/ssrn.2289226
en_US
dc.identifier.uri
http://hdl.handle.net/20.500.11850/94878
dc.description.abstract
In this paper we present an analysis of a major scientific project in the making with the goal of testing our ‘social bubbles’ hypothesis. This framework claims that strong social interactions between enthusiastic supporters of a project weave a network based on positive feedback, leading to widespread endorsement and extraordinary commitment by those involved in the respective project, beyond what would be rationalized by a standard cost-benefit analysis. As a case study, we analyse a Future and Emerging Technology (FET) Flagship candidate, called FuturICT. Specifically, we examine the efforts of the project management to build and promote the project by creating positive feedback loops of rein-forcing behaviours. We found that the expectations fostered by the promoters of the FuturICT idea was not shared by everyone involved in the project; first and foremost because several of the participants did not fully endorse the overall vision and goals. As a consequence, those not unified under the umbrella of the core vision built niches for themselves. These niches were, however, stimulating enough to entice the scholars to stay with the project. With regard to risk-taking, many appeared to be well aware of the risks involved. Those who were ready to take some risk did it mainly based on a force of habit rather than being enthused by the vision and goals. On the other hand, risk taking was found especially during workshops and meetings. This was in the form of the time allocation of participants, who seemed to not count their precious time given to the project. The FuturICT project thus seems to qualify as a social bubble in the making when considered at the group level, while risk-perception at the individual level remained higher than expected.
en_US
dc.language.iso
en
en_US
dc.publisher
Social Science Research Network
en_US
dc.subject
Social Bubble
en_US
dc.subject
Innovation
en_US
dc.subject
Risk
en_US
dc.subject
Future and Emerging Technology (FET) Flagship Initiative
en_US
dc.title
Early dynamics of a major scientific project: Testing the social bubble hypothesis
en_US
dc.type
Working Paper
ethz.journal.title
SSRN
ethz.pages.start
2289226
en_US
ethz.size
22 p.
en_US
ethz.publication.place
Rochester, NY
en_US
ethz.publication.status
published
en_US
ethz.leitzahl
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::03738 - Sornette, Didier (emeritus) / Sornette, Didier (emeritus)
en_US
ethz.leitzahl.certified
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::03738 - Sornette, Didier (emeritus) / Sornette, Didier (emeritus)
ethz.date.deposited
2017-06-11T14:52:07Z
ethz.source
ECIT
ethz.identifier.importid
imp593652b3ee42c17417
ethz.ecitpid
pub:148997
ethz.eth
yes
en_US
ethz.availability
Metadata only
en_US
ethz.rosetta.installDate
2018-09-12T11:32:55Z
ethz.rosetta.lastUpdated
2022-03-29T07:08:29Z
ethz.rosetta.exportRequired
true
ethz.rosetta.versionExported
true
ethz.COinS
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