E ects of local information on group

نویسندگان

  • Sandip Sen
  • Shounak Roychowdhury
  • Neeraj Arora
چکیده

The performance of individual agents in a group depends critically on the quality of information available to it about local and global goals and resources. In general it is assumed that the more accurate and up-to-date the available information , the better is the expected performance of the individual and the group. This conclusion can be challenged in a number of scenarios. We investigate the use of limited information by agents in choosing between one of several diierent options, and conclude that if agents are deliberately kept ignorant about any number of options, the entire group can converge faster to a stable and optimal connguration. We also demonstrate how a couple of coalition formation schemes improves the rate of convergence and conclude that a variable, rather than xed, coalition formation mechanism is more eeective.

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Specication and Estimation of Social Interaction Models with Network Structures

This paper considers the speci…cation and estimation of social interaction models with network structures and the presence of endogenous, contextual and correlated e¤ects. With macro group settings, group-speci…c …xed e¤ects are also incorporated in the model. The network structure provides information on the identi…cation of the various interaction e¤ects. We propose a quasi-maximum likelihood...

متن کامل

A generic method for distribution and transfer of ECTS grades and other norm-referenced grades within student cohorts

The ECTS grade transfer scale is an interface grade scale to help European universities, students and employers to understand the level of student achievement. Hence, the ECTS grading scale can be seen as an interface, transforming local scales to a common system where A-E denote passing grades. By definition, the ECTS grade transfer scale involves distribution of the passing students into five...

متن کامل

The E¤ects of Dual-Listing on Latin American Markets

This paper examines the bene...ts for domestic ...rms in emerging markets of dual listing their shares in major U.S. exchanges. We ...nd evidence of decline in the cost of capital consistent with previous research. Additionally, we ...nd evidence that local traders learn the information relatively early, more than 6 months ahead. Additionally, this paper explores a new approach that intends to ...

متن کامل

Optimizing ML Using a Hierarchy of Monadic Types

We describe a type system and typed semantics that use a hierarchy of monads to describe and delimit a variety of e ects, including non-termination, exceptions, and state, in a call-by-value functional language. The type system and semantics can be used to organize and justify a variety of optimizing transformations in the presence of e ects. In addition, we describe a simple monad inferencing ...

متن کامل

Large Panels with Spatial Correlation and Common Factors

This paper considers estimation of slope coe¢ cients in large panel data models where even after conditioning on common observed e¤ects the cross section units might remain dependently distributed. This could arise when the cross section units are subject to unobserved common e¤ects and/or if there are spill over e¤ects due to spatial or other forms of local dependencies. Initially it focuses o...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

عنوان ژورنال:

دوره   شماره 

صفحات  -

تاریخ انتشار 1996