"Smart Disclosure” policies help consumer markets work more competitively by providing decision-makers with convenient, computable, and cogent data--both about products or services and also about personal use patterns or histories. As part of their ongoing support for research on behavioral economics, the Alfred P. Sloan Foundation and the Russell Sage Foundation are jointly sponsoring this competition to design research or demonstration projects. They seek answers to five questions about the costs and benefits that “choice engines” can have in complex consumer markets. For more information, see the Detailed Description of the Challenge.
This is an Ideation Challenge with a guaranteed award for at least one submitted solution.
“Smart Disclosure” policies help consumer markets work more competitively by providing decision-makers with convenient, computable, and cogent data--both about products or services and also about personal use patterns or histories. We are soliciting research designs and demonstration ideas for studying the costs and benefits of “choice engines” that use smartly disclosed data. Such techniques are already beginning to be used to aid consumers with complex decisions about health, education, personal finance, energy, transportation, and telecommunications services, for example.
Proposals should be no more than five pages.
This is an Ideation Challenge, which has the following unique features:
After the Challenge deadline, the Seeker will complete the review process and make decisions about awards. All Solvers that submitted a proposal will be notified on the status of their submissions; however, no detailed evaluation of individual submissions will be provided.
InnoCentive is the global innovation marketplace where creative minds solve some of the world's most important problems for cash awards up to $1 million. Commercial, governmental and humanitarian organizations engage with InnoCentive to solve problems that can impact humankind in areas ranging from the environment to medical advancements.
What is an InnoCentive Ideation™ Challenge?
An InnoCentive Ideation™ Challenge is a broad question formulated to obtain access to new ideas, similar to a global brainstorm for producing a breakthrough idea or market survey which may include ideas for a new product line, a new commercial application for a current product, or even a viral marketing idea to recruit new customers. Ideation™ Challenge submissions are typically about two written pages, and Seekers receive a non-exclusive, perpetual license to use all submissions.
In an Ideation™ Challenge, Solvers may:
Solvers should not reveal any confidential information in their submissions. Often the Ideation™ Challenge will be followed by one or more of the other three Challenge types to further develop the ideas and gain Intellectual Property protection when the concept has been well-defined.