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Is knowledge curse or blessing in pure coordination problems?
journal contribution
posted on 2023-05-20, 10:20 authored by Swee-Hoon ChuahSwee-Hoon Chuah, Jean Robert HoffmannJean Robert Hoffmann, Larner, JDoes greater knowledge help or hinder one’s ability to coordinate with others? While individual expertise can reveal a suitable focal point to converge on, ‘blissful’ ignorance may systematically bias decisions towards it through mere recognition. Our experiment finds in favour of the former possibility. Both specific and general knowledge are significantly associated with success in four of five coordination problems as well as over all. Our analysis suggests that more knowledgeable participants are better able to identify focal decision alternatives because (1) they are aware of more such alternatives and (2) possess more relevant information about each.
History
Publication title
Theory and DecisionVolume
87Pagination
123-146ISSN
0040-5833Department/School
TSBEPublisher
Kluwer Academic PublPlace of publication
Van Godewijckstraat 30, Dordrecht, Netherlands, 3311 GzRights statement
Copyright 2019 Springer Science+Business Media, LLC, part of Springer NatureRepository Status
- Restricted