Diversity and Performance: Networks of Cognition in Markets and Teams

Contemporary organisations face three interconnected challenges: avoiding catastrophic mistakes, effectively allocating attention, and fostering innovation. With this in mind, the ERC-funded BLINDSPOT project will focus on error detection, attention allocation, and recognisant innovation. Its aim is to develop a comprehensive sociological approach to studying the cognitive challenges faced by organisations. The project seeks to uncover the impact of diversity on performance, ultimately shedding light on how organisations can navigate these intricate cognitive obstacles. Specifically, it will explore how ethnic and gender diversity can disrupt herding behaviour and deflate price bubbles. It will also assess the timing, intensity, and diversity of attention networks and their impact on error correction and prediction accuracy.