Analyzing Full Text Patent Documents for Business Insights

David Hsu, Management, The Wharton School; Prasanna (Sonny) Tambe, Operations, Information and Decisions, The Wharton School; and Dokyun Lee, Tepper School of Business

Abstract: We currently have very coarse methods of valuing patents in the academic literature (and the methods are often applied to data selected in a very particular manner). This proposal for research funding aims to develop a general tool using cutting edge machine learning methods to value patents. This method allows us to address substantive managerial questions.