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How to promote knowledge transfer within R&D team? An evolutionary game based on prospect theory.

ABSTRACT: Knowledge transfer is the basis for R&D teams and enterprises to improve innovation performance, win market competition and seek sustainable development. In order to explore the path to promote knowledge transfer within the R&D team, this study considers the bounded rationality and risk preference of individuals, incorporates prospect theory into evolutionary game, constructs a perceived benefits matrix distinct from the traditional benefits matrix, and simulates the evolutionary game process. The results show that, R&D personnel's knowledge transfer decisions depend on the net income difference among strategies; only if perceived cost is less than the sum of perceived synergy benefit, perceived organization reward value, and perceived organization punishment value, can knowledge be fully shared and transferred within the R&D team. Moreover, R&D personnel's knowledge transfer decisions are interfered by the irrational psychological factors, including overconfidence, reflection, loss avoidance, and obsession with small probability events. The findings help R&D teams achieve breakthroughs in improving the efficiency of knowledge transfer, thereby enhancing the capacity of enterprises for collaborative innovation.

SUBMITTER: Zhu X

PROVIDER: S-EPMC10707606 | biostudies-literature | 2023

REPOSITORIES: biostudies-literature

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How to promote knowledge transfer within R&D team? An evolutionary game based on prospect theory.

Zhu Xiaoya X Meng Xiaohua X Zhang Yanjing Y

PloS one 20231208 12

Knowledge transfer is the basis for R&D teams and enterprises to improve innovation performance, win market competition and seek sustainable development. In order to explore the path to promote knowledge transfer within the R&D team, this study considers the bounded rationality and risk preference of individuals, incorporates prospect theory into evolutionary game, constructs a perceived benefits matrix distinct from the traditional benefits matrix, and simulates the evolutionary game process. T ...[more]

PMID: 38064460

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Project description:In order to delve into the dynamic evolution process and influencing factors of information sharing decisions among stakeholders under supply chain collaboration, this study constructs an evolutionary game model with suppliers and retailers as the primary entities. Within this model, a combined approach of game theory and prospect theory is employed, integrating prospect value functions and weight functions to create an information sharing prospect value matrix. A comprehensive analysis is conducted on the strategic choices and benefits of entities considering the psychological perception of information sharing, and critical factors influencing the stability of information sharing evolution results are explored through numerical simulations using Matlab. The key findings of this study are as follows: Firstly, from the perspective of supply chain collaboration, the probability of entities evolving into information sharing is negatively correlated with the cost of information sharing and positively correlated with the benefits generated by information coordination. Secondly, looking at supply chain collaboration, entities are more likely to engage in information sharing behavior when they exhibit a lower level of risk aversion, indicating greater rationality, when facing profits; conversely, they are more likely to participate in information sharing when they display a higher degree of risk preference, indicating less rationality, in the face of losses. Furthermore, the lesser sensitivity of suppliers and retailers to losses is more likely to drive the system towards an information-sharing state. Based on the primary findings mentioned above, this study offers recommendations for enhancing trust, constructing information exchange platforms, and adjusting psychological awareness. These suggestions contribute to improving information sharing among entities within the supply chain, thus enhancing the overall efficiency and collaboration of the supply chain.

Dataset Information

How to promote knowledge transfer within R&D team? An evolutionary game based on prospect theory.

Publications

How to promote knowledge transfer within R&D team? An evolutionary game based on prospect theory.

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