When Are Groups More Intelligent Than Individuals?

The goal of our proposed work is to provide a systematic framework for understanding the impact of group interactions and decisions on the emergent group intelligence. Our focus will be on investigating the effects of individual strategic behavior and objectives, and the network structure on the resulting outcomes.

Despite the fact that most social decisions are made in groups, our understanding of group decision making is much more limited than individual decision making. Moreover, while in most social settings, individuals interact with each other over sparse limited transparency networks, most of the existing literature in social sciences studies markets where all interactions are anonymous (implicitly assuming that anybody can interact and trade with anybody else).

The goal of our proposed work is to provide a systematic framework for understanding the impact of group interactions and decisions on the emergent group intelligence. Our focus will be on investigating the effects of individual behavior and objectives, and the network structure on the resulting outcomes. Our proposed effort will involve both development of analytical models for representing individual behavior and strategic interactions among agents, and also design of experiments for testing different features and predictions of these models. Our research will address two general sets of issues that fall under the general umbrella of group evolution and intelligence: information dynamics and decisions in groups in the presence of game-theoretic interactions; and exchange and trades in groups

References:

D. Acemoglu, M. Dahleh, I. Lobel, and A. Ozdaglar, ``Bayesian learning in social networks'', Review of Economic Studies, forthcoming, 2010.

D. Acemoglu, A. Ozdaglar, and A. ParandehGheibi, ``Spread of (mis)information in social networks'', Games and Economic Behavior, forthcoming, 2009.

A. Mani, A. Ozdaglar, and A.  Pentland, ``Bilateral Exchanges in Social Networks," working paper, 2010.

A. Mani, and  A. Pentland, ``Exchanging Favors in Social Networks," working paper, 2010.

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