Against All Odds: Tentative Steps toward Efficient Information Sharing in Groups

Darius Schlangenotto, Wendelin Schnedler and Radovan Vadovič
Additional contact information
Darius Schlangenotto: Business Information Systems Department, Faculty of Business Administration and Economics, Paderborn University, D-33098 Paderborn, Germany
Radovan Vadovič: Economics Department, Carleton University, Ottawa, ON K1S 5B6, Canada

Games, 2020, vol. 11, issue 3, 1-24

Abstract: 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.

Keywords: information aggregation; coordination; communication; swing voter’s curse (search for similar items in EconPapers)
JEL-codes: C C7 C70 C71 C72 C73 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Related works:
Working Paper: Against All Odds: Tentative Steps Toward Efficient Information Sharing in Groups (2020)
Working Paper: Against All Odds: Tentative Steps Toward Efficient Information Sharing in Groups (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:gam:jgames:v:11:y:2020:i:3:p:31-:d:396119

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