Governance of responsible research and innovation: A social welfare, psychologically grounded multicriteria decision analysis approach
Our article deals with the governance of responsible research and innovation (RRI) and aims to set out a first psychologically grounded decision-theoretic method for the governance of RRI. We approach the governance of RRI as a multicriteria group decision analysis problem of delivering social welfa...
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| Format: | Article |
| Language: | English |
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Elsevier
2025-01-01
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| Series: | Heliyon |
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| Online Access: | http://www.sciencedirect.com/science/article/pii/S2405844024168946 |
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| author | Harold Paredes-Frigolett Andreas Pyka Alexandre Bevilacqua Leoneti Pablo Nachar-Calderón |
| author_facet | Harold Paredes-Frigolett Andreas Pyka Alexandre Bevilacqua Leoneti Pablo Nachar-Calderón |
| author_sort | Harold Paredes-Frigolett |
| collection | DOAJ |
| description | Our article deals with the governance of responsible research and innovation (RRI) and aims to set out a first psychologically grounded decision-theoretic method for the governance of RRI. We approach the governance of RRI as a multicriteria group decision analysis problem of delivering social welfare in an innovation ecosystem. Following such a methodological approach, we develop a psychologically grounded multicriteria group decision analysis method that integrates in its value function the main psychological effects captured in the value function of prospect theory as the main theory of individual decision-making under risk. The method first applies a psychologically motivated multicriteria decision analysis function that measures the welfare delivered to all stakeholders involved in a research and innovation consortium. The method then applies a social welfare function on the welfare measurements of stakeholders to propose a social welfare solution that emerges as an RRI-compliant solution for the consortium. The results are a first psychologically grounded multicriteria group decision analysis method and its first application to the governance of RRI. The implications of our results are theoretical but also practical, as our method contributes not only to the established field of multicriteria decision analysis by setting out new method but also to the field of RRI by delivering a psychologically grounded decision-theoretic method for the governance of RRI. |
| format | Article |
| id | doaj-art-da32aa9c91a8462caa2b1c3c010b1def |
| institution | Kabale University |
| issn | 2405-8440 |
| language | English |
| publishDate | 2025-01-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Heliyon |
| spelling | doaj-art-da32aa9c91a8462caa2b1c3c010b1def2025-01-17T04:49:48ZengElsevierHeliyon2405-84402025-01-01111e40863Governance of responsible research and innovation: A social welfare, psychologically grounded multicriteria decision analysis approachHarold Paredes-Frigolett0Andreas Pyka1Alexandre Bevilacqua Leoneti2Pablo Nachar-Calderón3Department of Management, School of Management and Economics, Diego Portales University, Av. Santa Clara 797, Huechuraba 8580000, Santiago, ChileInstitute of Innovation Economics (520i), University of Hohenheim, Wollgrasweg 23, 70599 Stuttgart, Germany; Corresponding author.School of Economics, Administration and Accounting, University of São Paulo, Av. Bandeirantes 3900, Ribeirão Preto 14040-900, BrazilDepartment of Management, School of Management and Economics, Diego Portales University, Av. Santa Clara 797, Huechuraba 8580000, Santiago, ChileOur article deals with the governance of responsible research and innovation (RRI) and aims to set out a first psychologically grounded decision-theoretic method for the governance of RRI. We approach the governance of RRI as a multicriteria group decision analysis problem of delivering social welfare in an innovation ecosystem. Following such a methodological approach, we develop a psychologically grounded multicriteria group decision analysis method that integrates in its value function the main psychological effects captured in the value function of prospect theory as the main theory of individual decision-making under risk. The method first applies a psychologically motivated multicriteria decision analysis function that measures the welfare delivered to all stakeholders involved in a research and innovation consortium. The method then applies a social welfare function on the welfare measurements of stakeholders to propose a social welfare solution that emerges as an RRI-compliant solution for the consortium. The results are a first psychologically grounded multicriteria group decision analysis method and its first application to the governance of RRI. The implications of our results are theoretical but also practical, as our method contributes not only to the established field of multicriteria decision analysis by setting out new method but also to the field of RRI by delivering a psychologically grounded decision-theoretic method for the governance of RRI.http://www.sciencedirect.com/science/article/pii/S2405844024168946Governance of responsible research and innovationInnovation ecosystemsMulticriteria decision analysisSocial choice theoryWelfare economics |
| spellingShingle | Harold Paredes-Frigolett Andreas Pyka Alexandre Bevilacqua Leoneti Pablo Nachar-Calderón Governance of responsible research and innovation: A social welfare, psychologically grounded multicriteria decision analysis approach Heliyon Governance of responsible research and innovation Innovation ecosystems Multicriteria decision analysis Social choice theory Welfare economics |
| title | Governance of responsible research and innovation: A social welfare, psychologically grounded multicriteria decision analysis approach |
| title_full | Governance of responsible research and innovation: A social welfare, psychologically grounded multicriteria decision analysis approach |
| title_fullStr | Governance of responsible research and innovation: A social welfare, psychologically grounded multicriteria decision analysis approach |
| title_full_unstemmed | Governance of responsible research and innovation: A social welfare, psychologically grounded multicriteria decision analysis approach |
| title_short | Governance of responsible research and innovation: A social welfare, psychologically grounded multicriteria decision analysis approach |
| title_sort | governance of responsible research and innovation a social welfare psychologically grounded multicriteria decision analysis approach |
| topic | Governance of responsible research and innovation Innovation ecosystems Multicriteria decision analysis Social choice theory Welfare economics |
| url | http://www.sciencedirect.com/science/article/pii/S2405844024168946 |
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