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Michael Schrage

schrage@media.mit.edu

Curriculum Vitae (PDF)

MICHAEL SCHRAGE is co-director of the MIT Media Labs eMarkets Initiative, where he oversees research in the design and diffusion of market mechanisms in networks. His ongoing work focuses on the economics and ethology of models, prototypes and simulations in managing innovation and risk. His book, Serious Play (Harvard Business School Press, 2000), explores these issues and has been widely adopted as a text in many graduate business and design programs worldwide. Mr. Schrage is a member of the advisory board of the Sloan Management Review, an occasional columnist  for Technology Review and advises firms such as Microsoft, InterActive Corp., GE, Intel and British Telecom on innovation management issues. Schrage's research focuses on the economics of technical and organizational innovation in national security institutions.