SMS Extension

Firms in the Lab
Frontiers of Organizational Experimentation

 

Speaker Bios

Fener Hall

Phanish Puranam, Insead
Massimo Warglien, Ca' Foscari

Organizational experiments help us understand how individual and group-level processes aggregate to organizational-level behaviour and outcomes. The study of mechanisms of aggregation that link the actions of individuals to behaviour at the organizational level distinguishes organization science from research on either individuals or markets. Strategy experiments thus may include organizationally relevant phenomena, goal-directedness or joint incentives, group sizes greater than one, organizational structures or synthetic aggregation, and interdependence of participant behavior. Example studies include those of group decisions, collective foresight, employee self-selection, committee decisions, or division of labor. Or any other study linking the behavior of individuals to outcomes at the organizational level.

Fener Hall

Franziska Lauenstein, KLU Hamburg
Ronald Klingebiel, Frankfurt School

Though the field of strategy and organization has seen plenty of experimental papers, few go beyond individuals as the level of analysis. Those that do tend to adopt a search (multi-armed bandit) or teams (hidden profile) paradigm, for example. Variation is large. We encourage exploration of stimuli and suggest that it might be too early to settle on workhorses. We do, however, strongly encourage greater borrowing from neighboring disciplines when it comes to basic handicraft issues. Elicitation, incentivization, and participant priors are quick-win areas of improvement.

Coffee is available in the hallway. Kadir Has also features Starbucks and EspressoLab.

Fener Hall

Ido Erev, Technion

The description-experience gap refers to a context difference in how people weight tail risks. It matters whether they read about them or go through them. For strategy practitioners, few decision options come with stated probabilities. Strategy decisions come with samples instead. Better understanding how experience shapes risk taking thus seems key, considering that much insight from decision science is based on description. Ido Erev reports on observations in studies and tournaments he conducted, with a particular focus on how monetary compensation impacts behavior.

Kadir Has University Cafeteria, Dining Hall. Grab a voucher and head over.

At 12:30 we will take interested participants on a quick tour of the Rezan Has Museum.

Fener Hall

Onurcan Yılmaz, Kadir Has

Whether participants report or reveal preferences makes a difference. Someone's statement of a hypothetical response to a competitor's move, leadership wrongdoing, or compensation systems, for example, may not tell us much about what a person would do if s/he actually faced such situations. Local expert Onurcan Yılmaz reports on his experience with experiments on moral judgment, particularly on how the Oxford utilitarianism scale predicts actual utilitarian decisions in trolley problems and the like.

Fener Hall

Mehmet Memecan, Tarfin

Mehmet Memecan founded and runs Tarfin, a fintech focusing on the agricultural sector. Tarfin's app helps farmers compare prices of fertilizer, seeds, and other inputs. Farmers can then click to apply for financing these inputs until harvest arrives. Subsequently, they head to Tarfin partner stores, sign a promissory note and get their inputs. Tarfin is expanding and now has offices in Romania. As the company grows, process management becomes more important. Tarfin decided, for example, to shift from a weekly meeting schedule with the whole leadership team, to more focused issue-based meetings. How to evaluate the performance implications of either governance structure is a problem that organizational experimentalists would be well placed to study. Mehmet Memecan will walk us through the organizational challenge.

Coffee is available in the hallway. Kadir Has also features Starbucks and EspressoLab.

Mentees please find their assigned mentors at Fener Hall.

Fener Hall

Thorbjørn Knudsen, Frankfurt School
Gaël Le Mens, Pompeu Fabra
Sheen Levine, UT Dallas
Phanish Puranam, Insead
Massimo Warglien, Ca' Foscari

Weigh in on the future direction of the field. Challenge our speakers or the field more generally. Engage with the crowd-sourcing efforts of Experimental Organizational Science community.

We take interested participants on a guided walking tour through the historic Balat neighbourhood on the Golden Horn. The tour returns to the Sur Balik restaurant for dinner at 18:30.

Please join us for the water-view extension dinner at Sur Balik restaurant, right next to the university building.