Measurement problems tend to lead individuals to make bad decisions, and innovation is by far one of those areas we measure the worst. The quality of ideas is perhaps one of those issues where we tend to measure too late, too infrequently, mostly extreme outcomes, and usually concentrating on the wrong statistic - such as profits, size, and capitalization. We discuss the mistakes that are likely to happen, and I am going to highlight what are the pillars that should govern the new generation of measurements of innovation quality. Roberto Rigobon is the Society of Sloan Fellows Professor of Applied Economics at the Sloan School of Management, MIT, a research associate of the National Bureau of Economic Research, a member of the Census Bureau’s Scientific Advisory Committee, and a visiting professor at IESA.
Roberto joined the business school in 1997 and has won three times the "Teacher of the year" award and three times the "Excellence in Teaching" award at MIT. He got his Ph.D. in economics from MIT in 1997, an MBA from IESA (Venezuela) in 1991, and his BS in Electrical Engineer from Universidad Simon Bolivar (Venezuela) in 1984. He is married with three kids. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at [ Ссылка ]
