When ignorance is bliss: theory and experiment on collective learning

When do groups and societies choose to be uninformed? We study a commit-tee that needs to vote on a reform which will give every member a private state-dependent payoff. The committee can vote to learn the state at no cost. We show that the committee decides not to learn the state when preferences a...

Full description

Autores:
Ginzburg, Boris
Guerra Forero, José Alberto
Tipo de recurso:
Work document
Fecha de publicación:
2017
Institución:
Universidad de los Andes
Repositorio:
Séneca: repositorio Uniandes
Idioma:
eng
OAI Identifier:
oai:repositorio.uniandes.edu.co:1992/8687
Acceso en línea:
http://hdl.handle.net/1992/8687
Palabra clave:
Voting
Collective learning
Reform adoption
Information acquisition
Laboratory experiment
Cuerpos legislativos - Votación
Prácticas parlamentarias
Planificación política - Toma de decisiones
Teoría de los juegos
C72, C92, D71, D72, D83
Rights
openAccess
License
http://creativecommons.org/licenses/by-nc-nd/4.0/