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How Transparency Kills Information Aggregation: Theory and Experiment
We investigate the potential of transparency to influence committee decision-making. We present a model in which career concerned committee members receive private information of different type-dependent accuracy, deliberate and vote. We study three levels of transparency under which career concerns are predicted to affect behavior differently, and test the model’s key predictions in a laboratory experiment. The model’s predictions are largely borne out – transparency negatively affects information aggregation at the deliberation and voting stages, leading to sharply different committee error rates than under secrecy. This occurs despite subjects revealing more information under transparency than theory predicts.
study  economics  micro  decision-making  decision-theory  collaboration  coordination  info-econ  info-dynamics  behavioral-econ  field-study  clarity  ethics  civic  integrity  error  unintended-consequences  🎩  org:ngo  madisonian  regularizer  enlightenment-renaissance-restoration-reformation  white-paper  microfoundations  open-closed  composition-decomposition  organizing  grokkability-clarity 
april 2017 by nhaliday

bundles : abstractemojigood-vibesmetavagueworrydream

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