Against all odds: Tentative steps toward efficient information sharing in groups

Artikel

When groups face difficult problems, the voices of experts may be lost in the noise of others' contributions. We present results from a "naturally noisy" setting, a large first-year undergraduate class, in which the expert's voice was "lost" to such a degree that bringing forward even more inferior information was optimal. A single individual had little chance to improve the outcome and coordinating with the whole group was impossible. In this setting, we examined the change in behavior before and after people could talk to their neighbors. We found that the number of people who reduced noise by holding back their information strongly and significantly increased.

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• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: Games ; ISSN: 2073-4336 ; Volume: 11 ; Year: 2020 ; Issue: 3 ; Pages: 1-24 ; Basel: MDPI

Classification and Topics

• Classification: Wirtschaft ; Social Choice; Clubs; Committees; Associations ; Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior ; Criteria for Decision-Making under Risk and Uncertainty ; Asymmetric and Private Information; Mechanism Design ; Design of Experiments: Other
• Subject: communication ; coordination ; information aggregation ; swing voter's curse

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Schlangenotto, Darius ; Schnedler, Wendelin ; Vadovič, Radovan
• Event: Veröffentlichung
• (who): MDPI
• (where): Basel
• (when): 2020

Further information

• DOI: doi:10.3390/g11030031
• Handle: http://hdl.handle.net/10419/257449