Fathauer Lecture in Political Economy: Scott Page, University of Michigan
Leonid Hurwicz Collegiate Professor of Complex Systems, Political Science and Economics
University of Michigan
The lecture takes place from 5:15 to 6:30 p.m., followed by a reception in McClelland Hall's Estes Atrium.
Thursday, February 21, 2019
Complex phenomena are difficult to describe, explain and predict. Confronted with a complex task, no single person or model will likely be correct. We therefore must apply multiple ways of thinking—diverse perspectives, algorithms, categories, heuristics and models. Diversity does more than reduce the risk of bad outcomes, it produces bonuses in the form of greater accuracy, and more and better solutions. The potential for diversity bonuses contributes to the increased use of teams generally and the growth of interdisciplinary teams in the academy. In addition, connections between identity and cognitive diversity imply that identity diverse teams often outperform homogenous teams.
About Scott Page
At the University of Michigan, Professor Page teaches courses in modeling, game theory, microeconomics, institutional design and complex systems. He has received several honors such as the Guggenheim Fellowship in 2013 and was elected to the American Academy of Arts and Sciences in 2011. He has written and published several books relating to diversity and complexity in economics such as The Diversity Bonus: How Great Teams Pay off in the Knowledge Economy and The Difference, among others.
5:10 p.m. to 7:30 p.m. Feb. 21, 2019