About the Fathauer Lecture in Political Economy
About the Lecture
Established in 1982 and endowed in 1996 by Isabel and Walter Fathauer, the Lecture brings internationally known scholars to the University of Arizona's Eller College of Management. More than 200 business and community leaders, students, and other community members attend the free public event each year.
Scott E. Page
Leonid Hurwicz Collegiate Professor of Complex Systems, Political Science and Economics
University of Michigan
The lecture takes place from 5:15 to 6:30 p.m., followed by a reception in McClelland Hall's Estes Atrium.
Diversity Bonuses: Why Many Ways of Thinking Lead to Better Decisions, More Creative Solutions and More Accurate Predictions
Complex phenomena are difficult to describe, explain and predict. Confronted with a complex task, no single person or model will likely be correct. We therefore must apply multiple ways of thinking—diverse perspectives, algorithms, categories, heuristics and models. Diversity does more than reduce the risk of bad outcomes, it produces bonuses in the form of greater accuracy, and more and better solutions. The potential for diversity bonuses contributes to the increased use of teams generally and the growth of interdisciplinary teams in the academy. In addition, connections between identity and cognitive diversity imply that identity-diverse teams often outperform homogenous teams.
About Scott E. Page
At the University of Michigan, Professor Page teaches courses in modeling, game theory, microeconomics, institutional design and complex systems. He has received several honors, including the Guggenheim Fellowship in 2013, and was elected to the American Academy of Arts and Sciences in 2011. He has written and published several books relating to diversity and complexity in economics, including The Diversity Bonus: How Great Teams Pay off in the Knowledge Economy and The Difference.
Thank you for your interest in the Fathauer Lecture in Political Economy. Complete the form below by Friday, February 15 to RSVP.
The lecture is free; however, there is a fee for parking in the Park Avenue Garage just west of McClelland Hall.