Winning by Losing - Motivations of Participants in an Extreme Form of Innovation Tournament

  • Florian Schirg (Contributor)
  • Lettl, C. (Contributor)

Activity: Talk or presentationScience to science

Description

The presented study aims at exploring the motivation of participants in large-scale innovation competitions. Besides a range of systematic differences to classical innovation tournaments, an additional contrast becomes salient: These tournaments such as the X-Prize offer very large prizes, yet the amount of prize money awarded does not attain the level of investment needed for actually claiming the prize. In Innocentive-style competitions, prize money offers a clear incentive to participate. Underlying motivations in such extreme settings, where it even appears to be economically irrational to participate, so far have remained unexplored.
Period30 Jul 20121 Aug 2012
Event title10th International Open and User Innovation Workshop
Event typeUnknown
Degree of RecognitionInternational