From: Joi ito Sent: Wednes ay, ay , 2018 3:38 PM To: Jeffrey Epstein Subject: Re: Researchers can't evaluate novel ideas I can talk at 5PM ET for 30 min if you're free (will be in car). > On May 16, 2018, at 11:27, jeffrey E. <jeevacation@gmail.com> wrote: > No , Paris after 4 eastern > On Wed, May 16, 2018 at 5:23 PM Joi ito M=.> wrote: > What time zone are you in? Can you talk at 1PM ET? > On May 16, 2018, at 10:35, jeffrey E. <jeevacation@gmail.com> wrote: > > > can talk when you like > > > On Wed, May 16, 2018 at 1:19 PM Joi ito cjoi@ito.com> wrote: > https://pubsonline.informs.org/doi/abs/10.1287/mnsc.2015.2285 > > » Looking Across and Looking Beyond the Knowledge Frontier: » =ntellectual Distance, Novelty, and Resource Allocation in Science > > > Selecting among alternative projects is a core management task in =11 innovating organizations. In this paper, we focus on the evaluation =f frontier scientific research projects. We argue that the =E2 intellectual distance" between the knowledge embodied =n research proposals and an evaluator's own expertise =ystematically relates to the evaluations given. To estimate =elationships, we designed and executed a grant proposal process at a =eading research university in which we randomized the assignment of =valuators and proposals to generate 2,130 evaluator—proposal =airs. We find that evaluators systematically give lower scores to =esearch proposals that are closer to their own areas of expertise and =o those that are highly novel. The patterns are consistent with biases =ssociated with boundedly rational evaluation of new ideas. The patterns =re inconsistent with intellectual distance simply contributing =E2 noise" or being associated with private interests of =valuators. We discuss implications for policy, managerial intervention, =nd allocation of resources in the ongoing accumulation of scientific =nowledge. > > > > > > > > -- > > please note > The information contained in this communication is confidential, may > be attorney-client privileged, may constitute inside information, > and is intended only for the use of the addressee. It is the > property of JEE Unauthorized use, disclosure or copying of this » communication or any part thereof is strictly prohibited and may be » unlawful. If you have received this communication in error, please » notify us immediately by return e-mail or by e-mail to > jeevacation@gmail.com, and destroy this communication and all copies EFTA_R1_01913558 EFTA02663873 > thereof, including all attachments. copyright -all rights reserved > please note > The information contained in this communication is confidential, may > be attorney-client privileged, may constitute inside information, and > is intended only for the use of the addressee. It is the property of > JEE Unauthorized use, disclosure or copying of this communication or > any part thereof is strictly prohibited and may be unlawful. If you > have received this communication in error, please notify us > immediately by return e-mail or by e-mail to jeevacation@gmail.com, > and destroy this communication and all copies thereof, including all > attachments. copyright -all rights reserved <?xml version=.0" encoding=TF-8"?> <IDOCTYPE plist PUBLIC "-//Apple//DTD PLIST 1.0//EN" "http://www.apple.com/DTDs/Propertylist-1.0.dtd"> <plist version=.0"> <dict> <key>conversation-id</key> <integer>6427</integer> <key>date-last-viewed</key> <integer>0</integer> <key>date-received</key> <integer>1526485079</integer> <key>flags</key> <integer>8590195713</integer> <key>gmail-label-ids</key> <array> <integer>6</integer> <integer>2</integer> </array> <key>remote-id</key> <string>821778</string> </dict> </plist> 2 EFTA_R1_01913559 EFTA02663874