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How to promote knowledge transfer within R&D team? An evolutionary game based on prospect theory
Xiaoya Zhu1, Xiaohua Meng1, Yanjing Zhang1
1School of Politics and Public Administration, Soochow University, Suzhou, China.
Plos One
|December 8, 2023
Summary
This study reveals that R&D personnel share knowledge when perceived benefits outweigh costs. Psychological factors like overconfidence and loss aversion significantly influence these knowledge transfer decisions.
Area of Science:
- Organizational Behavior
- Innovation Management
- Behavioral Economics
Background:
- Knowledge transfer is crucial for R&D team innovation and enterprise competitiveness.
- Understanding factors influencing knowledge sharing is vital for sustainable development.
Purpose of the Study:
- To explore methods for promoting knowledge transfer within R&D teams.
- To model R&D personnel's knowledge transfer decisions considering bounded rationality and risk preferences.
Main Methods:
- Incorporated prospect theory into an evolutionary game model.
- Constructed a novel perceived benefits matrix.
- Simulated the evolutionary game process to analyze decision-making.
Main Results:
- Knowledge transfer hinges on the net income difference between strategies.
- Full knowledge sharing occurs when perceived costs are less than perceived benefits (synergy, rewards, punishments).
- Psychological factors like overconfidence, loss aversion, and small probability event obsession interfere with knowledge transfer decisions.
Conclusions:
- R&D personnel's knowledge transfer is influenced by both economic and psychological factors.
- Addressing psychological biases can enhance knowledge transfer efficiency.
- Improving knowledge transfer capacity boosts enterprise collaborative innovation.
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