A dilemma in future smart cities with tremendous effects on citizens’ wellbeing is the unconscious tradeoff between short- and long-term goals. At the same time, Generation Y is changing the institutional landscape by not only demanding flat hierarchies, but integration in collaborative, cooperative decision-making processes. Using micro-economic theory, we discuss the mechanisms behind participatory and welfare maximizing sustainable (pro-social) decision making.
Christof Weinhardt studied Business Engineering and completed his doctorate in economic sciences in 1989 at the Technical University in Karlsruhe. He is professor at the Institute for Information Systems and Marketing at the Karlsruhe Institute of Technology. For the period from 2010 – 2013 he was appointed official expert in the commission “The Internet and the digital Society” of the German parliament. Together with his research group he is involved in a large number of research projects.
Margeret Hall is Senior Researcher and head of the Strategic Initiative ‘Participation and Crowd Services’ at the Karlsruhe Service Research Institute. Her research investigates the integration of digital systems and people. Prior to starting her PhD on the measurement of health and happiness, she worked at the UN Office in Geneva and at the UN High Commissioner for Refugees. As a member of the ACM-W Europe Outreach committee, she actively promotes the gender equality in science and technology.
This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at http://ted.com/tedx